Title: CGAP releases pricing tool for mobile banking for the unbanked
Author: Claudia McKay
Publisher: CGAP: Consultative Group to Assist the Poor
Date (published): 16/06/2010
Date (accessed): 18/06/201
Type of information: blog post
Language: English
On-line access: yes (HTML)
Abstract:
A few weeks ago, CGAP released a study comparing the prices of 16 branchless banking pioneers and 10 traditional banks across eight use cases. We found that the average monthly cost of using a branchless banking service is $3.90 (PPP adjusted) compared with US$4.80 when using a traditional bank. The conclusion: branchless banking is cheaper than traditional banking, but the gap is not as wide as some may think.