1. The power of mobile money.
- Subjects
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ELECTRONIC funds transfers , *POOR people , *CELL phones , *MOBILE commerce , *MONEY , *ECONOMIC development ,ECONOMIC conditions in developing countries ,DEVELOPING countries - Abstract
The article focuses on the effects of mobile money and cellular telephones on poor people in developing countries. The article reports that mobile phones have a direct impact on economic growth in poor countries and that mobile-money services such as M-PESA can be used on mobile phones. The article suggests that mobile money is a safer and faster way to transfer money in Africa and Asia.
- Published
- 2009