Mobile money (mMoney) can transform development. All of the sudden, we live in a world where you don't need to build a bank to serve families with savings and loans services -- you can simply use a phone. Today, people can store money instantaneously using their phone. They can also send money seamlessly to friends and family in need. This accelerates financial inclusion for the 1.8 billion people with access to a phone but not a bank.
Last updated: May 21, 2014