Master of Business Administration Executive
Faculty / School
Faculty of Business Administration (FBA)
Year of Award
MBA Executive Research Project
According to a survey of the world’s unbanked, globally 50% of them say they don’t have enough money to use the banks while 30% of them say they don't have a bank account because they do not need one. This points to an opportunity on the demand side. i.e. the demand for more bank accounts can be increased by lowering the cost of these services and creating more awareness about their benefits.
On the supply side, key opportunities exist in the following areas:
1. G2P payments digitization can provide foundation for building P2P, remittances and other forms of services. Around 20% of the global unbanked receive government transfers or wages in cash. Handling these transfers through digital means will bring around 8% or 2 million unbanked Pakistani adults into the
2. Most of the unbanked use domestic remittances regularly to transfer money to their loved ones.
3.Another opportunity exists in agriculture products. Around 105 million South Asian unbanked receive payments for agricultural products.
4. Lastly formalizing the savings for the unbanked is another important supply side initiative.
Ahmed, F. (2018). The role of cutting edge technologies in the financial inclusion process in Pakistan (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-emba/34
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