Democracy in Development: The Slow Shift from Cash Economies to Mobile Banking
from Development Channel
from Development Channel

Democracy in Development: The Slow Shift from Cash Economies to Mobile Banking

A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).
A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).

Post by Isobel Coleman

July 31, 2012 8:33 pm (EST)

A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).
A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).
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Today on my blog, I discuss how mobile money stands to reduce poverty by making financial services more inclusive and accessible--as well as the obstacles to fulfilling this possibility. As I write:

If mobile banking is to meet its potential for the world’s poor, it must supplant the cash economies that still constrain too many livelihoods.

You can read the full post here.

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