Banking for the Poor: State-of-the-Art Financial Offerings for the Developing World
The International Economy, Fall 2010
4 Pages Posted: 15 Nov 2010 Last revised: 2 Nov 2013
Date Written: November 14, 2010
This paper describes the opportunity of using mobile phones as a way to increase access to finance in developing counties. It also explains how mobile payments can trigger innovation and entrepreneurship at the base of the pyramid, and how they can serve to bring liquidity to rural communities.
Keywords: access to finance, financial inclusion, mobile payments, mobile phones, branchless banking
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