MarketsandMarkets: Wooing the Underbanked - Need, Behavior and Attitude Analysis - Market Research Report

DALLAS, May 6, 2010 - The unbanked and the underbanked together spend around $10.4 billion on
more than 324 million alternate financial services (AFS) products. This is
due to lack of knowledge on part of the banks to target and market banking
products to the underserved. Economic inclusion of the underbanked population
(approximately 43 million in 2009) into the traditional banking cycle will
have a significant financial impact on the federally insured banks that have
traditionally stayed out of this market. Wooing the Underbanked - Need,
Behavior and Attitude Analysis is a market research study designed
specifically to profile underbanked populace/households. The aim of this
report is to analyze various reasons behind the low adoption of banking
products by underbanked and their preference for alternate financial services
(AFS) and products (transaction/credit).

Browse in-depth TOC on Wooing the underbanked - Need, Behavior and
Attitude Analysis market

www.marketsandmarkets.com/Market-Reports/wooing-underbanked-181.html

(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)

The underbanked are educated and employed but are reluctant to use
traditional banking products such as debit / credit cards, short term loans,
etc., primarily due to the fear of hidden costs and convenience issues. They
make little use of the services provided by the mainstream financial
institutions; their use is limited to traditional banking wherein they
usually have a checking / savings account. They also frequently use AFS
offered by non-banking institutions. The AFS products are non-bank money
orders, payday lending, check cashing facilities, rent-to-own agreements and
refund anticipation loans.

The objective of the report is to provide vital marketing information
about the underbanked that also use AFS products; and the traditional and
novel banking and financial services that can be rendered to them by the
banks. The report will provide new insights and give recommendations for
banks intending to capitalize on this untapped market segment. Intensive
bifurcation of the underbanked customers on the lines of income, age,
education, region, race, etc. will enable product development and provide a
roadmap to the future of novel banking practices for the underbanked.

    Scope of the report

    - Strategy Formulation - Market definition, industry overview, market
      size, key drivers, and issues to wooing the underbanked -
      inconvenience, location, cost and credit history

    - Customer Needs and Attitudes

    - Business Models - Go-to-market strategies, how to reach the underbanked
      and with what products, pricing strategies, competitive pricing
      strategy, risk factors, underwriting and collections

    - Vendor Analysis - Products and services designed for the underbanked

Analyst Briefing Presentation on Wooing the Underbanked - Need, Behavior
and Attitude to be held on 1st June 2010.

The Banking and Financial Services practice at MarketsandMarkets is
pleased to announce its Analyst Briefing Presentation on Wooing the
Underbanked - Need, Behavior and Attitude
(www.marketsandmarkets.com/Market-Reports/wooing-underbanked-181.html)
to be held on 1st June 2010. The briefing on wooing the Underbanked - Need,
Behavior and Attitude Analysis will benefit banks, non-banks and
transaction processors.

To register for this briefing, please click here

www.marketsandmarkets.com/AnalystBriefing/wooing-underbanked.asp

About MarketsandMarkets

MarketsandMarkets (M&M) is a global market research and consulting
company based in the U.S. We publish strategic advisory reports and serve as
a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles,
databases, and custom research services.

M&M Banking and Financial Services practice recognizes the
challenges that financial institutions face bringing the right products to
market. Our reports and consulting practice provide a unique perspective
allowing the financial institution to see and experience the best way to
achieve their product goals. Through a mix of case studies, primary research,
and business modeling we provide a 360degrees view to identify how you can
create, capture, and keep the value of your product and out think the
competition.

    Contact:

    Ms. Sunita
    7557 Rambler road,
    Suite 727, Dallas, TX 75231
    Tel: +1-888-989-8004
    Email: sales@marketsandmarkets.com
    Site: www.marketsandmarkets.com
    Blog: marketsandmarkets.wordpress.com

Contact: Ms. Sunita, 7557 Rambler road, Suite 727, Dallas, TX 75231, Tel: +1-888-989-8004, Email: sales at marketsandmarkets.com