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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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 firms, the report suggested. These large companies would include banks, telcos, and Big Tech.
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