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. As part of the Liberal Democrat Voice team he helps with photos and moderation on the site, as well as occsionally contributing articles. He blogs at Liberal Burblings.

Read more by or more about .
This entry was posted in LibLink.
Advert

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.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

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

Advert



Recent Comments

  • User AvatarCatherine Jane Crosland 28th Jun - 5:42pm
    Also I think to some extent Nicola Sturgeon is using the result as an excuse for the second referendum on Independence that she wanted anyway....
  • User AvatarLeave EU 28th Jun - 5:38pm
    Nigel Farage EU speech. https://www.facebook.com/nigelfarageofficial/videos/1056952377685698/
  • User AvatarAndrewR 28th Jun - 5:37pm
    @David Evershed When the leave campaign said "We want our country back" what exactly do you think that meant? Are you really, genuinely, surprised that...
  • User AvatarMichael BG 28th Jun - 5:34pm
    @ Bill le Breton If we join the EEA (Norway-like) then being in favour of being a full member of the EU would make sense,...
  • User AvatarLiam Birch 28th Jun - 5:30pm
    "We need to be an inclusive party, regardless of...Brexit vote choice" It appears Mr. Farron does not agree. Such a pity.
  • User AvatarCatherine Jane Crosland 28th Jun - 5:24pm
    Matt, I don't think even the possible break - up of the UK is actually a "new" reason to ask the public to reconsider. It...