Events

For market players with the foresight to take advantage of deposit linkage opportunities, a desirable business case awaits (see second Focus Note in this series). But these opportunities cannot be pursued half-heartedly or as an afterthought—members won’t rush to open formal savings accounts until banks and mobile money operators prove that their value and added cost outweighs the many conveniences of existing SG arrangements. This Focus Note details what those conveniences are and argues that banks and mobile network operators can provide real&nbspvalue to the financial lives of SG members (longer-term, diverse savings options) by overcoming some SG shortcomings.