To date, we’ve introduced both the benefits and the inefficiencies of informal savings groups. Today, we’ll share how mobile technology can improve informal savings groups. Injecting the benefits of mobile money, increased communication, and innovative apps into the savings group model can displace the inefficiencies that exist in trust, convenience, and security. Importantly, mobile technology does not compromise the intrinsic benefits of the savings groups. Continue reading
Every week, we read dozens of articles on our favorite industry trends and relate to our investment thesis. We pick the most popular trend from the week and share the top articles along with our thoughts.
Mobile Money for the Unbanked's Findings on Mobile Money Users
This week, we read about the work that organizations and businesses are doing around the world to enhance, promote, and leverage the benefits of mobile.
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Last week, we introduced informal savings groups and their benefits. In this post, we’ll discuss how mobile phone technology can optimize the intrinsic benefits of a savings group through mobile money, innovative cash management applications, and increased communication.
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