Banks have strong and deep service relationships with their corporate clients. Many large employee companies have complex needs when it comes to cash management and their bank play an important role. Among other products and services banks will support a company’s payroll, comprising of (a) disperse-to-bank-account & (b) cash-based payroll service. Integrating into a bank’s payroll service can allow a third option: (c) disperse-to-mobile-money-account.
Paul Reynolds currently works for a leading mobile banking and payments company in Indonesia. He has worked in mobile money for 4+ years and banking for 14+ years.