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Johannesburg

Member since

2008

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Financial inclusion

Brian's blog archive

2018 (1)

Brian Richardson

CEO at WIZZIT

Message Posts: 1 Comments: 3

Blogs

Financial Inclusion

Cash is the enemy

15 Feb 2018

For Financial inclusion to be a reality a number of critical factors need to be in place. There is little or no doubt that the benefits of financial inclusion far outweigh the enormous downsides of an unbanked population. We need government support. We need support from the banks, the telcos, the retailers, the fintechs, the card associations it ...

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Brian is Commenting on

Standard Chartered rolls out digital-only bank to three new markets

I am facinated that when 70% of the market in Africa still has feature phones, why as part of your digital strategy and inclusive banking you state ..The next wave of app-based banking services ...etc. Apps do not work on Feature phones.

01 Jul 2019 Reply Read article

Digital-only banks losing their appeal

Is it digital only banks that are losing their appeal or the fact that many of them do not offer lending as per the traditional bank model. I would think that a digital only bank is growing in appeal for transactional functionality and even savings. If we are saying that banks = lending, then the headline and supporting research is probably correct.

05 Mar 2018 Reply Read article

ECB launches staunch defence of cash

This is very concerning considering that most illegal activities, monely laundering and funding of terrorist activities etc are utilising cash. Digitalisation offers a solution to all the supposed benefits listed of cash PLUS the advantage of a full audit trial - If only it was easier to open a bank account. By keeping the barriers to financial access in place, the "baddies" will always find the route of least resistance - cash. Problems become worse not better.

15 Feb 2018 Reply Read article