LibLink: Lynne Featherstone – mobile money opens new opportunities in Africa

Lynne Featherstone writes on Huffington Post about the exciting innovation of mobile money:

There is money in the air in Mozambique. The deputy prime minister Nick Clegg and I have just watched Nilza and Herculano transfer 100 meticais (about two pounds) via mobile phone. They may both be standing in front of us for this demonstration, but in a country where less than 12% of adults have a bank account, the benefits of these mobile money systems can be large.

The Department for International Development (DFID) supported the launch of M-Pesa mobile money transfer when it was first launched in Kenya in 2007, and we went to check it out ahead of its launch in Mozambique. Mobile money means more small, safe, cashless transactions can happen – urban workers can send money back to rural homes; small shops and stalls can trade more and grow their business.

You can read the full article here.

* Paul Walter is a Liberal Democrat activist in Newbury and West Berkshire. He is Photo Editor of Liberal Democrat Voice and blogs at Liberal Burblings.

Read more by or more about .
This entry was posted in LibLink.
Bookmark the web address for this page or use the short url http://ldv.org.uk/33258 for Twitter and emails.

One Comment

  • Richard Dean 19th Feb '13 - 12:10am

    I presume then that, although “less than 12% of adults have a bank account”, everyone has a mobile phone?

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?




Recent Comments

  • User Avatarjedibeeftrix 28th Jul - 10:58pm
    @ T-J - "Supporters of the Commonwealth need to explain how these nebulous ideas of ‘shared common law and regulatory traditions’ can be made into...
  • User AvatarMichael 28th Jul - 10:26pm
    Should have googled more - see there is a Wikipedia entry on shortest serving MPs http://en.wikipedia.org/wiki/List_of_United_Kingdom_MPs_with_the_shortest_service which gives James Annand as the shortest serving Liberal!
  • User AvatarRichard Easter 28th Jul - 10:21pm
    I am sure by the way many other names can be added to the list above, but they are just some that come to mind,...
  • User AvatarRichard Easter 28th Jul - 10:20pm
    We do have a number of decent principled MPs. Liberal Democrat - Julian Huppert, Simon Hughes, John Pugh, Tim Farron Labour - John McDonnell, Dennis...
  • User AvatarEddie Sammon 28th Jul - 10:18pm
    A good article Tony and hopefully people with the power over these matters will do something about it.
  • User AvatarMichael 28th Jul - 10:06pm
    I think and according to Wikipedia as well and as most here will know Alan Beith is the longest serving current Lib Dem MP -...