The Utility of Retail Payments in Addressing the Financial Inclusion Gap in Developing Countries
Lydian Payments Journal, No. 1, November 2010
7 Pages Posted: 21 Oct 2010 Last revised: 8 Nov 2010
Date Written: October 19, 2010
This paper outlines the role of mobile phones in addressing the financial inclusion gap in developing countries and the value of retail payments in jump-starting mobile schemes. It then lays four key challenges in the evolution of mobile money schemes from pure payment mechanisms to vehicles for broader financial inclusion.
Keywords: mobile money, electronic payments, branchless banking, financial access, financial inclusion, microfinance
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