Payments Innovation for the Financially Underserved

Covering the technology and finance behind building technology innovation for the underbanked and unbanked

Transcript

1. Payments Innovation for the Financially Underserved Jonathan LeBlanc (@jcleblanc) Global Head of Developer Evangelism at PayPal
2. Underbanked / Unbanked?
3. The Underbanked The Unbanked
4. State of the US
5. The Unbanked 8.8% of America households (1 in 12, or 10.8 million) are unbanked The Underbanked 20.1% of households (1 in 5, or 24 million) are underbanked
6. Household Account Types •  29.3% have no savings account •  10% have no checking account Use of Alternate Financial Services •  25% use at least one AFS •  Almost 1/10 regularly use 2 or more •  About 4/10 unbanked and underbanked used an AFS in the last 30 days
7. Manipulating the Underbanked and Unbanked
8. Turning to Mobile
9. The Underbanked •  91% of underbanked have a mobile phone •  57% have a smartphone •  29% used mobile banking in last 12 months •  17% have used mobile payments
10. The Unbanked •  64% of unbanked have a mobile phone •  18% have a smartphone •  10% used mobile banking in last 12 months •  12% have used mobile payments
11. A Technology Use Case
12. Funding: Prepaid Debit Cards http://ppd.io/pp-prepaid-card
13. Commerce: Bluetooth Smart http://ppd.io/pp-prepaid-card
14. Point of Sale Integration http://www.shopkeep.com/
15. Bluetooth Smart Hacking
16. The New Savings Market
17. Family Run Accounts http://ppd.io/pp-family-savings
18. Family Savings Hacking
19. Learning from the Rest of the World
21. What to Think About
22. Funding A single savings / checking account or some pre-paid / cash equivalent card Payments Mobile first approach Targets Payday loans / high interest rate organizations  
23. Thanks! Questions? Slides: http://slideshare.net/jcleblanc Jonathan LeBlanc (@jcleblanc) Global Head of Developer Evangelism at PayPal