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Mobile Banking Is The Possible Future Of Microfinance

In an interesting chat with Vikram Akula, the founder and CEO of SKS Microfinance, India’s fastest growing microfinance institution, Wharton reports on the emerging trends in microfinance. Akula talks about how once the RBI recognises the full potential of mobile banking, regulations will be eased so that time and money are not wasted in traditional brick and mortar infrastructure. Akula also talks about the constraints that come up, the dispute about high interest rates charged from the poor and how the future is looking for SKS.

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One thought on “Mobile Banking Is The Possible Future Of Microfinance

  1. As I understand it, the problem with Mobile Banking is that there is no single platform it can operate on. So it is difficult to scale up to any decent size.

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