Savings for the Poor: Banking on Mobile Phones

World Economics, Vol. 11, No. 4, Oct.-Dec. 2010

12 Pages Posted: 25 Aug 2010 Last revised: 12 Jun 2014

Ignacio Mas

Tufts University

Date Written: August 23, 2010

Abstract

The paper reviews the relevance of formal financial services - and in particular savings - to poor people, the economic factors that have hindered the mass-scale delivery of such services in developing countries, and the technology-based opportunities that exist today to make massive gains in financial inclusion. We also highlight the benefits to government from universal financial access, as well as the key policy enablers that would need to be put in place to allow the necessary innovation and investments to take place.

Keywords: Microfinance, Financial Access, Financial Inclusion, Branchless Banking

Suggested Citation

Mas, Ignacio, Savings for the Poor: Banking on Mobile Phones (August 23, 2010). World Economics, Vol. 11, No. 4, Oct.-Dec. 2010. Available at SSRN: https://ssrn.com/abstract=1663954 or http://dx.doi.org/10.2139/ssrn.1663954

Ignacio Mas (Contact Author)

Tufts University ( email )

Medford, MA 02155
United States

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