Mobile Wallets: Is a Transition Underway in Bangladesh?
E-wallet use is becoming more common in Bangladesh. However, OTC transactions are still very popular and will likely remain so until the process of opening an e-wallet account and using it regularly become easier for and more attractive to the poor.
The “EasyPaisa” Journey from OTC to Wallets in Pakistan
While the founders of EasyPaisa guessed that they would reach a reasonable volume of customers through OTC services, they did not guess that OTC remittances would be the dominant activity by far for EasyPaisa's customers.
Better Than Cash, or Just Better Cash?
Far from replacing cash, mobile money has made cash much more efficient.
More on Why OTC Makes Sense for Kenya
Cashless goals are too focused on designing products that make people want to switch to e-money, even though most still prefer cash.
M-Pesa Usage Data: OTC Makes Sense, Even for Kenya
Even though "cash-lite" is a buzzword in financial inclusion, usage data from M-Pesa suggests that the goal of going "cashless" may not be aligned with the needs of people at the base of the income pyramid.