Banking on Mobiles: Why, How, for Whom?
CGAP Focus Note, No. 48, June 2008
28 Pages Posted: 9 Aug 2010 Last revised: 22 Aug 2010
Date Written: 2008
This paper examines how banks can translate the potential of mobile phones into greater financial access for poor people. Although mobile phone operators have been able to use the mobile phone for mobile remittance and bill payment services in several countries, banks have had little success in using mobile phones as part of a growth or outreach strategy.
Keywords: Mobile Banking, Branchless Banking, Electronic Payments, Microfinance
Suggested Citation: Suggested Citation
By Ignacio Mas