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Banks, Big Tech have mobile banking edge in EMs

But regulatory cap on fees meant to spur financial inclusion can make the business unsustainable: study

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There is a viable business for financial firms which want to expand into emerging markets through the use of mobile banking, a fresh McKinsey study on Tuesday suggested.

Singapore

THERE is a viable business for financial firms which want to expand into emerging markets through the use of mobile banking, a fresh McKinsey study on Tuesday suggested.

But the caveat is that this approach seems more compelling for large companies than it is for smaller

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