Grp A7- Bancarizacion Case Study by Lata Dhir https://padlet.com/latadhir/Ex2_GrpA7 Made with the best of intentions en-us 2021-03-02 11:34:49 UTC 2026-02-04 18:29:27 UTC hello@padlet.com https://padlet.net/icons/png/1f9d0.png 1. 50% of Mexico population is middle to low income group which is outside formal banking (22 millions) pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1274935431 2. Banks levy banking services charges
3. Banks require making physical transactions through a posh office space
4. Digital apps / internet system for  money transfer is prone to incorrect transfer.
5. Banks encourage loans schemes which increases debt based working.]]> 2021-03-05 18:18:19 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1274935431 1. Middle to Low income people distrust banks pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1274987027 2. Banks have shown to charge people for different services unknowing to the customers.
3. Banks have complicated procedure for regular low income persons.
4. Low income persons are prone to making erroneous monetary transaction which the Banking system may not reverse or will make people go through very long procedures.
5. Low Income group people are prone to Financial frauds and are unable to find easy / quick solution to retrieve / save their money.
6. Compartmentalizing of funds not possible
7. 'Tanda' scheme people are known people and more trustworthy.
]]> 2021-03-05 18:28:56 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1274987027 1. Low income group are not trusting of banks given its sophisticated way of working, high profits. This makes them fell that Banks can suppress them and people may lose money. pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1275022778 2. Banks have charges costs and have increased distrust
3. People are used to 'Tanda' system and are comfortable with it
4. Saving in bank does not provide good value given to them.
5. Process of monetary transactions is complicated for low income people.  ]]> 2021-03-05 18:36:39 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1275022778 1. Prejudices on Banks are present and actively propagate along them pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1275044891 2. People are ok with current 'Tanda system'. Behavioral aspect.
3. Current product lineup is not providing any significant value in terms of ease of usage or other benefits.]]> 2021-03-05 18:41:23 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1275044891 Provide easy to use methods to transfer money. pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1275060062 1. Mobile Payment apps through mobile numbers (India's UPI) but with name confirmation.
2. SMS based / auto-caller (*number#) based balance check method to be created as well.
3. Information availability in local understandable language
4. Methods to reverse transaction if approved by the receiving party.
5. Cash deposit / removal facility to be made available through ATMs / shops / market outlets.
6. Cash balance, cash Compartmentalizing options in Mobile app / ATM / shopping points through which they check their balance.]]> 2021-03-05 18:44:29 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1275060062 1. Information spreading through Pamphlets in local stores, individual session in locality, small ads, creating local ambassadors. pgpm2021amey https://padlet.com/latadhir/Ex2_GrpA7/wish/1275097345 2. Incentivizing the initial process. Through offers.]]> 2021-03-05 18:52:11 UTC https://padlet.com/latadhir/Ex2_GrpA7/wish/1275097345