from Development Channel

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

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

July 31, 2012

A man leaves an M-Pesa booth after a transaction in Nairobi, Kenya on May 12, 2009 (Noor Khamis/Courtesy Reuters).
Blog Post
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

More on:

Development

Financial Markets

Inequality

Technology and Innovation

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.

More on:

Development

Financial Markets

Inequality

Technology and Innovation

Up
Close