Transcription of Mobile Money for Financial Inclusion - World Bank
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Mobile Money for Financial Inclusion - World Bank
61 Mobile Financial services are among the mostpromising Mobile applications in the devel-oping World . Mobile Money could become ageneral platform that transforms entire economies, as it isadopted across commerce, health care, agriculture, andother sectors. To date, at least 110 Money Mobile systemshave been deployed, with more than 40 million users. Themost well-known system, M-PESA, started in Kenya and isnow operational in six countries; it has 20 million users whotransferred $500 million a month during thebenefits of Mobile Money payment systems are clear,observers remain divided over whether Mobile moneysystems are truly fulfilling their growth chapter evaluates the benefits and potential impact ofmobile Money , especially for promoting Financial inclusionin the developing World , before providing an overview of thekey factors driving the growth of Mobile Money services.
sector, as well as appropriate safeguards for consumer protection. The financial inclusion imperative Poverty is more than just a lack of money.
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