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Topic Overview | id: 1841 Visits: 9106 Added:
25 March 2003 Updated:
03 April 2007 | |
KO Overview | id:55230 Visits: 104 Added:
13 March 2008 Updated:
13 March 2008 |
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| |  Formal financial service providers face high costs when attempting to bring services to remote rural areas. Low density populations and poor roads make transaction costs high and typically the local economies are characterized by low levels of cash liquidity, seasonality of incomes, highly segmented markets and increased covariance risk. However, new technologies are redefining the possibilities, and increasing numbers of financial institutions - commercial banks, development banks and some microfinance organisations – are experimenting with mobile banking, automated teller machine (ATM) networks, smart card operations and other methods of providing low cost services. | |
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