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

Ignacio Mas

Tufts University

Date Written: October 19, 2010

Abstract

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

Suggested Citation

Mas, Ignacio, The Utility of Retail Payments in Addressing the Financial Inclusion Gap in Developing Countries (October 19, 2010). Lydian Payments Journal, No. 1, November 2010. Available at SSRN: https://ssrn.com/abstract=1694867

Ignacio Mas (Contact Author)

Tufts University ( email )

Medford, MA 02155
United States

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