For reducing poverty, mobile payments and remittances matter but a broader range of services, such as savings, is needed. At CGAP, we think that mobile-based financial services could lead to a fundamental shift in the ‘access frontier’ for low-income people looking to get banking services. 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.

What do you think?