“Banking is essential, banks are not,” Bill Gates, then CEO of Microsoft, famously said in 1994.
Mobile phones, however, are essential. And when it comes to the future of banking, more and more people are turning to mobile banking solutions. The Bill and Melinda Gates Foundation sees mobile banking trends as a tool for financial inclusion in the developing world, where Kenya’s M-Pesa has been providing mobile payment and banking options since 2007.
For more details on this story visit: Mobile Banking Trends Will Lead Change in Banking in 2016