Providing mobile banking services allows banks to significantly enhance the convenience, flexibility, accessibility, and affordability of their banking services. Money has been moving to the digital ecosystem for the last 25 years, with the arrival of internet banking, banking applications, and even digital money. Banks need to create a digital and mobile extension to their existing service model, making sure it is still secure and provides reliable access to the mobile channel.
This case study from BD Innovations explores the opportunities available to banks and gives an example of how Equitel became the first platform in Kenya and Africa to offer a full banking suite without building a new mobile infrastructure by becoming a Mobile Virtual Network Operator (MVNO). Topics discussed in the case study include:
- What is a Mobile Virtual Network Operator (MVNO)?
- Why should banks embrace the MVNO opportunity?
- 10 Good reasons why banks should go mobile
- Some Stats of MVNO’s Globally
- MVNO Market Presence
- Mobile Banking MVNO Options Available for Banks
- Types of MVNOs
- The MVNO Mobile Banking Business Model
- How to create an MVNO Mobile Banking Service