In an earlier post, I showed how over the past few years M-PESA and other kinds of “mobile money” have made sending money across the world as easy as sending a text message, while also facilitating commerce and financial inclusion in developing nations around the world. It’s only recently, though, that experts have tried to quantify how these products have benefited the poor.
In their recent study “The long-run poverty and gender impacts of mobile money,” Tavneet Suri and William Jack assess mobile money’s contribution to poverty alleviation in Kenya, the country where the “mobile money revolution” began.
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(Article does continue. Zim.)
(What I found as interesting, within the article, is
that when these 'mobile banking' thingies are working
in conjunction with a light regulatory touch they work
best. Zim.)
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