Changing financial services,changing the world
Michael LiuRegional Director for Asia Pacific
World Bank, 2016
Global remittances – a USD600bn market
World Bank, 2016
Remittance inflows as a % of GDP (2014)
2 billion unbanked
World Bank Financial Inclusion Report 2014
“By 2030, 2 billion people who don’t have a bank account today will be storing money and making payments with their phones.”
Bill Gates, 2015
Bill Gates – Photo by gatesnotes.com
Technology also enhances compliance
Deloitte, 2016 – four year revenue growth