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Democracy in Development: The Slow Shift from Cash Economies to Mobile Banking

<p>A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).</p>
A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).

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  • Isobel Coleman
    Senior Fellow and Director of the Civil Society, Markets, and Democracy Initiative; Director of the Women and Foreign Policy Program

Today on my blog, I discuss how mobile money stands to reduce poverty by making financial services more inclusive and accessible--as well as the obstacles to fulfilling this possibility. As I write:

If mobile banking is to meet its potential for the world’s poor, it must supplant the cash economies that still constrain too many livelihoods.

You can read the full post here.