In a recent publication, “ Innovation in financial inclusion — Revenue growth through financial inclusion ”, Ernst and Young validates the $200b revenue opportunity that Pngme has identified by providing an all-inclusive banking service to financially excluded individuals as well as micro, small, and medium-sized enterprises (MSMEs) using advanced mobile blockchain technology. These individuals and enterprises have remained largely ignored by traditional banks and FinTech companies due to the high cost of delivering financial services to the customer — thus rendering them an unprofitable target customer segment. This amounts to around 2.7b-3.5b individuals globally, of which 1.6b are fully unbanked. In addition, 200m MSMEs which have no access to banking services and are not financially included suffer from financially constrained growth. Source: MSME: Finance expanding opportunities and creating jobs, World Bank These individuals have had help from financial initiatives...
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