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Mobile Phones at Center of Telco and Digital Bank Partnerships

  • The mobile phone's increasing penetration into global markets is helping blur the lines between telecom and financial services.
  • Partnerships with FinTechs or financial institutions (FIs) and telecommunications companies are transforming and boosting financial inclusion.
  • Digital banks and neobanks are moving into communications and mobile payments, while telcos are branching more fully into finance.
  • The smartphone serves as the gateway for accessing banking offerings provided by telecom firms for a significant untapped market.

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