Innovations for Poverty Action Blog
This week, The Economist turns its attention to the secret of M-PESA's mobile money success. As David Roodman, FAI's Jonathan Morduch and others recently observed on a Gates-Foundation sponsored visit to Kenya, when it comes to mobile banking, an awful lot of on-the-ground physical activity goes into enabling the technology side of mobile banking. For all its promise as a "cashless" solution, The Economist highlights the fact that there's still an awful lot of money that has to be moved around to keep the system going.
*See our "before and after" series on a recent Gates Foundation-sponsored visit to Kenya to observe the development of mobile banking at M-PESA.
Sent with Reeder
