OpenWay Insights. Fintechs and Financial Inclusion: How to Avoid the Pitfalls and Make Your Solution a Success

Fintech solutions for the unbanked and underbanked have the potential to make a huge impact on people's lives and the economy as a whole. But why do some payment products for the underbanked and unbanked succeed where others fail?

Billions of adults are unable or hesitant for various reasons to participate in basic financial products or services. OpenWay has prepared an in-depth report to spotlight the promising role of fintechs and technological innovation in financial inclusion, based on the experiences of clients, partners and other companies within the larger payments ecosystem.

Find the answers:

• What kind of business and technological strategies are needed by fintech startups, tech companies, PSPs and banks who are creating financial inclusion solutions for unbanked and underserved segments?

• Why must a financial inclusion solution be more than just a payment instrument to be truly successful and remain profitable?

• How can companies gain the trust of the unbanked and underbanked and make sure their solutions are relevant?

• How much technological flexibility do wallet providers really need when creating a financial inclusion product?

Get access to the report by filling out the form below:

This article was first published by The Paypers, the Netherlands-based independent source of news and insights for professionals in the global payment and ecommerce community.

About OpenWay

OpenWay provides the Way4 digital payments software platform for tier-1, mid-size and startup players – including card issuers, acquirers, processors, telcos, payment switches, fleet companies, and digital wallet providers. Gartner, Omdia and Aite have ranked OpenWay as the best digital payments software provider and the best payment solution in the cloud.