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Blog Series

Taking a Look at OTC vs. Wallets

This series will examine the business decisions involved when weighing over-the-counter transactions (IOTC) with electronic wallets when it comes to making mobile payments. OTC transactions occur when the sender or receiver does not use their own account, whereas wallets are when clients use their own electronic to send or receive payments.

circle of life
Blog
28 October 2013

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.
nadeem headshot
Blog
10 October 2013

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.
180-L
Blog
24 September 2013

Better Than Cash, or Just Better Cash?

Far from replacing cash, mobile money has made cash much more efficient.
mesa3
Blog
19 September 2013

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.
mpesa feature
Blog
17 September 2013

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.
Susu-Collector Ghana 06007
Blog
12 September 2013

Mobile Money: OTC versus Wallets

A new blog series explores the business choices involved when balancing the extremes of OTC transactions and electronic wallets when it comes to making electronic payments.

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