Developing an in-house mobile money platform is a strategic decision. It should be based on an assessment of the provider’s current capacity and future plans. Technology development comes later, only after the organization is clear on its strategic vision for the usage of the platform.
The platform is crucial to ensure safe, seamless transactions, to preserve data privacy
and to offer basic as well as more complex products such as insurance, savings and credit. Thus, the first question that a provider faces when setting up such a business is whether to buy an off-the-shelf platform or to develop a platform in-house. This paper consolidates learning by MM4P from supporting one of its partners, a non-bank payment service provider in Nepal.
#Technology #UNCDF #StrategicDecision #Business
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Publisher:
UNCDF
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(2018
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Type / Script:
Publication
in English
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Keywords:
DIGITAL CASH, DIGITAL MONEY, ELECTRONIC MONEY, ELECTRONIC BANKING, ELECTRONIC MONEY SYSTEMS, ELECTRONIC PAYMENTS SYSTEMS, ELECTRONIC COMMERCE, TECHNOLOGY, DEVELOPMENT, ECONOMIC AND SOCIAL DEVELOPMENT, BUSINESS
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Thematic Group:
UNCDF
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Capital Development
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Thesaurus:
02.06.01
- Public Finance
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Reference Link:
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