Can developing countries afford a
developed world payments system?
Poor people will not adopt banking services if they are required to pay the full cost of service and transaction fees, because the use of cash is considered by many to be 'free', writes Peter Goldfinch - GFG Group's General Manager for South East Asia. In this issue of the monthly Goldfinch Report, Peter uses the Maldives to discuss how pricing and other barriers can be managed to successfully create an effective payments system in developing countries. Peter's credentials have been earned over 23 years experience in electronic payments, including pioneering work on ATMs and EFTPOS, and the introduction of credit and debit cards in Russia.
Read the latest Goldfinch Report
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