All of these new stored value and fringe banking offers can now be electronically processed through a retailer's point of sale infrastructure, utilizing the retailers existing hardware and technology, or preferably new IP-enabled multi-application POS devices. Self-serve kiosks are also an ideal delivery mechanism for these stored value and fringe banking offerings.
The market is rapidly moving towards device integration, while at the same time an explosion of new telecom, stored value and fringe banking product and service possibilities is emerging.
Chain store retailers and distributors will urgently seek out a pure-play processor who can handle every electronically delivered product or service they can dream up today, or in the future.
Tefisto Partners advises retailers, distributors, processors and the product and service providers on the processes, players and requirements necessary to play in this new environment.
Entities who understand the opportunity, and what it takes to bring these new products and services targeting the unbanked to market in the most efficient, profitable and effective way possible, will have first-mover advantage in this explosive new market. Tefisto Partners clients will be at the forefront of this new paradigm.
