On their own, they serve as a launch pad for a range of product lines from loans, to savings, remittances, to e-money conversion, bills payment, pay out services and even foreign exchange purchases on a limited basis. MBOs are separate from the electronic money ecosystem which we introduced a couple of years ago.
Using technology that is readily accessible by the retail market, we are able to bridge the physical gaps in banking with a technology-driven network. This covers several facets including fund transfer facilities, retail payments and even partnerships with merchants. Pricing is certainly another key element. Contrary to some perception, financial inclusion operates on market terms and does not require any special pricing concession.