In this article published in MIT Innovations Journal, Michael Mori and Trevor Zimmer assess the demand for mobile financial services and branchless banking (MFS/BB) among poor Indonesians and suggests how businesses should design and market financial products to incentivize adoption. It also evaluates the factors that regulators should consider when designing MFS/BB regulations.
Identifying Innovative Financing Mechanisms to Reduce the Cost of Remittances
We were engaged by the Canadian International Development Agency to analyze the major cost drivers and market failures associated with international remittances. We subsequently designed and recommended innovative financing mechanisms which could save up to $3.5 billion over five years.