CNN: Mobile money transfers may infuse developing world
by Jim Rosenberg: Tuesday, December 11, 2007
CNN.com takes on the topic of mobile money transfers - remittances - and their potential to reduce poverty. But what about a broader spectrum of financial services - eventually, couldn’t that have even more impact? CGAP’s Mark Pickens tells CNN.com:
Mobile-based financial services “could lead to a fundamental shift in what we’re calling the ‘access frontier’ for low-income people looking to get banking services,” says Pickens. This would allow them to “manage their affairs better and put a safety net under their family, maybe build assets for the future, and possibly even start new businesses and grow their income.”
Read the full story here.

