This paper cites several financial service providers (FSPs) in emerging markets in exploring how recent advancements in digital technology have enabled new business models, transforming the market for financial services. The authors argue that these FSPs have deconstructed the financial services market into separate modules, allowing these modules to be reassembled in innovative ways. These modules include:
Tag: M-Pesa
MICROCAPITAL BRIEF: Safaricom of Kenya Adds “Fuliza” Overdraft Feature to M-Pesa Mobile Money Service
Safaricom, a Kenya-based telecommunications company, recently debuted an overdraft feature called “Fuliza,” which allows customers of the firm’s M-Pesa mobile banking service to withdraw money from their accounts even when they have a zero balance. The overdrawn amount must