1、The future of value transfer Empowering inclusive and sustainable financial services The future of value transfer|Empowering inclusive and sustainable financial services 2Judging by recent developments and basic human nature,the profit motive rather than policy is likely to get us further towards th

2、e goal of universal financial inclusion.As technology makes providing financial services to underserved segments potentially less risky and more cost-effective,businesses will naturally seek to extend their reach to untapped segments.Financial inclusion promotes sustainability in two ways.First,it h

3、elps advance the accepted social goals of broadening financial access,helping to alleviate poverty and bolstering overall economic growth in other words,it supports sustainable development.1 Second,for incumbent or new providers of financial services,it paves the way for sustained growth by offering

4、 an alternative to competing in the saturated red ocean of premium segments,where profit margins continue to succumb to competitive pressure.2But beyond the impetus provided by purpose and profit,the evolving nature of future value webs where businesses derive value from empowering consumers will ma

5、ke the spread of inclusion self-perpetuating.The future of value transfer|Empowering inclusive and sustainable financial services 3Technology is the start of the solutionThe ongoing shift of economic activity to digital ecosystems,along with the continued spread of technology,will inexorably bring a

6、ccess to formal financial services to the 1.7 billion adults worldwide who still live without them.3 The reasons for this exclusion are well understood and documented.They include cost,physical distance from a service provider,lack of necessary identity documentation and credit histories,and a short