Tag Archives: mobile savings

The Surprising Reality of Mobile Money Around the World

Mobile money has done more to extend the reach of financial services in the last decade than traditional “bricks and mortar” banking has in the last century. This week, GSMA released the 2015 State of the Industry Report on Mobile Money. Now in its fifth year, this report provides stakeholders with a comprehensive quantitative assessment of the mobile money industry for unbanked and underserved people. Mobile money is reaching more than 411 million people globally. Moreover, it is available in 85% of countries where the vast majority of the population lacks access to a formal financial institution

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Liquidity Is King: Mobile Savings Vehicles For Poor Individuals

This is the final post of this three-part blog series co-authored by Lisa Kienzle, Ali Ndiwalana,Olga Morawczynski and Ignacio Mas on saving with mobile money using deferred payments or “Me2Me” transactions. Thefirst postexplored user reactions to deferred payments and to goal-based accounts, gathered through focus groups. Thesecond postlooked at rewards that help individuals set aside money to meet financial goals. Today, the authors discuss ways to encourage individuals to keep money in their savings vehicle(s). During the focus groups in Fort Portal, in western Uganda, people quickly grasped the notion of deferred payments as a means of saving

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