The value of inconvenience

We know that convenience is a major factor in the use of financial services, don’t we? At least that’s the assumption of many funders and implementers who are working to make financial services more convenient for those living on under $2 a day. The lack of convenient savings opportunities is often assumed to be one of the major reasons for the low levels of savings among poor people – many of whom express both capability and desire to save in surveys. After all, convenience seems to drive a lot of savings behaviour in developed countries.