Newsworthy industry articles & happenings that establish and/or reinforce notions of:
​*  Ongoing need to inform and educate on Carrier Commerce's important role advancing global Financial Inclusion

*  Issues which arise that FINCCLUDE could impact ... for the industry, and thus for people who rely on or need Carier Commerce's Financial Inclusion solutions

*  Ongoing challenges to address negative-advocacy that can cause misunderstanding, misconception & confusion with the unbanked to business & government policy makers

Excellent example of 'Positive-Advocacy' that informs and educates readers about the impact of Carrier Mobile Money on improving lives of the unbanked:



Théogène Niyomugabo lost his father when he was 2 years old. 20 years later, he owns a 3 bedroom house, thanks to selling airtime & MTN Mobile Money services in Rwanda. ​


​M-Pesa and M-Kesh - operated by the two major mobile services providers in Mozambique, Mcel and Vodacom -  are facilitating significantly in the process for & progress w/finance inclusion, expected to be ~25% by 2017.


The US has fallen behind some developing countries when it comes to creating financial inclusion services aimed at serving the unbanked/financially excluded. 


Example of critical, time sensitive Carrier Mobile Money 'Issue': A Ugandan judicial decision in May 2015 that ruled that Ugandan Carriers involved in operating mobile money services were illegal based on this judge's interpretation of Ugandan laws and regulations over Telecom and Banking (this ruling impacted 5 Ugandan Carriers and millions of Ugandan citizens ... plus had just 2 weeks to appeal).

FINCCLUDE knows that Carrier Mobile Money is operating in over 60 countries.  The probability that this judicial/regulatory concern has been faced and overcome elsewhere is high.  FINCCLUDE volunteer membership could harness their experiences and insights to round up successful argumentation, then offer assistance to industry colleagues at the 5 Ugandan Carriers (which would also help sustain and grow this form of vital financial inclusion with millions of people in Uganda).  



Wages are paid to beneficiaries through Vodafone m-pesa. A beneficiary can get the wage through his or her mobile phone with Vodafone SIM provided by the telco company for free​


Example of intermediate/long term Issue.  The Clearing House Association, L.L.C. is a trade group and the nation’s first and oldest banking association representing 24 of the world's largest commercial banks.  While Carrier Commerce is successfully advancing financial inclusion where traditional banks have not been able to economically justify operating, inter-industry jousting is inevitable (GSMA supports all forms of wireless including Telecom, Banking, Tech, etc.  FINCCLUDE will compliment GSMA while being exclusively focused on Carrier Commerce - issues, standards and advocacy - to help optimally advance financial inclusion.


​​​Financial InclusionNow, Carrier Commerce Leading a Ubiquitous Digital Economy
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Rwanda’s three main telecoms, MTN Rwanda, Airtel Rwanda & Tigo Rwanda are helping drive the introduction of Mobile Money and thus advance financial inclusion.


In India, a large number of rural areas are still devoid of any bank branches or extension counters and commuting to the next nearest branch is often not a feasible option for villagers.  Five Carrier/Operators will champion advancing financial inclusion with their new Payments Banks. ​


Industry Knowledge Community 
Committed to having Ongoing Impact on 
Carrier Commerce and thus Financial Inclusion

In Zimbabwe, EcoCash - the mobile money service from Econet Wireless - serves a major role advancing financial inclusion, becoming the largest local financial services platform.


Direct Carrier Billing [DCB] helps advance financial inclusion in both developing and developed markets (where those without traditional financial accounts like credit, debit, checking (etc.) accounts [as well as those who fear transacting online with their account numbers due to concern of cyber-theft, hackers (etc.) can participate via DCB. 


World Bank sees the increasing mobile money account penetration in Kenya as proof of the increase in financial inclusion, especially among the poor & women.

About 25M Nigerians have bank accounts but statistics from the Nigeria Communication Commission (NCC) shows about 148 million mobile phone subscribers, indicating that between 90-100 M Nigerians with mobile phones don't have access to financial services.


Copyright © FINCCLUDE (Financial Inclusion Now, Carrier Commerce Leading a Ubiquitous Digital Economy). All rights reserved.

Major step forward for Carrier Commerce:

Apple begins to roll out Carrier Billing for iTunes



Another example of 'Negative-Advocacy' for Carrier Commerce that is also providing readers with incomplete information which causes further misconceptions about Carrier Commerce


​ "M-Payments" (proximity payments) is just one aspect of Mobile Commerce and just one sector of Carrier Commerce.  Carriers are a quiet giant as a funding option in mobile commerce. Direct Carrier Billing is a $12B sector.  Carrier Mobile Money is now a billion dollar sector - a form of mobile wallets. Carrier Payments Banks are targeting India's unbanked for financial inclusion [2B of world's 7B+ are unbanked with ~20% in India].  Further, Apple Pay is under-performing as Proximity Payments "Release 2"/M-Payments are once again striving for marketplace adoption ... where there is no substantial market pain being addressed by M-Payments.   

India began a quiet financial revolution with central bank RBI approving new concept of Payments Banks to bring basic financial services to populations not accessible economically by traditional financial service institutions. (The Nigerian Central Bank has since OK'd a similar model, licensing 2 Carriers to be Super Agents providing basic financial service.) 


Examples of 'Negative Advocacy' for Carrier Commerce by (ironically) Carrier leadership in USA & Europe ... with assertions that are contestable (i.e.: There are several examples of Carrier JVs with successful forms of Carrier Mobile Wallets: SureTap in Canada involving Rogers, Bell, Telus, Koodo & Virgin; Semble in New Zealand involving 2Degrees, Spark, and Vodafone; etc.).  That the Carriers involved in Isis/Softcard & Weve failed does not mean:
  a) That the entire Carrier Commerce industry cannot compete in Mobile Wallets (i.e.: proximity payments), and 
  b) Carrier Mobile Wallets are just one of about a dozen known 'sectors' of Carrier Commerce, most with a meaningful role in helping to advance global financial inclusion.  


FINCCLUDE anticipates also helping Carrier leadership gain a greater understanding and appreciation of Carrier Commerce and the remarkable PR/Goodwill opportunities the financial inclusion sectors of Carrier Commerce provide Carriers.

Airtel's wholly owned subsidiary Airtel M Commerce Services Limited (AMSL) is one of five telco/carriers granted approval for operating a Payments Bank by the Reserve Bank of India (RBI).  (The other four are Telenor India, Idea Cellular, Reliance Jio Infocomm & Vodafone.)


“The Regulator is at the fore front of ensuring sustainability in the ecosystems and they will keep making the changes as necessary till they achieve desired outcomes but the industry should also understand that regulators are not quick to make changes without compelling reasons. They want to be in control based on their risk assessment and also understand the impact of non bank actors, playing direct role in the provisioning of basic financial services in the country”.  

Conventional metrics of telecom service—urban and rural teledensity—coverage fall short in explaining adequacy for financial transactions.