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Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy

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Financial institutions, including those serving low-income clients, regularly turn to cross-selling to engage clients, but do not always consider the particular needs of the clients themselves.

Some institutions hold an inherent assumption that certain products should be “good” for clients. However, because such assumptions are not always backed by hard data or client insights, these institutions may offer products that are not relevant enough, leaving the products unused by clients and expensive for institutions.

What does it take to enhance clients’ engagement and encourage them to actively use multiple products with an institution over time?

For more on this story visit the following link: Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy

Source: Next Billion

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