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. He is one of the Liberal Democrat Voice team. 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.

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

  • Stephen Glenn
    I well remember after taking 45 minutes to take my leave of the conference bar at Bournemouth running into Erlend holding court at one of the outside tables, as...
  • Neil Fawcett
    Kind words about one of the kindest of men. Erlend was one of those people who always left me feeling happier about the world. He will be sadly missed but...
  • matt
    @James I disagree James, we know what we stand for now, we just need to get out there and sell it. If we don't know what we stand for now, how are we goin...
  • James Fowler
    Johnson's moral authority is shredded. But he never traded on it anyway, heavyweight successors are thin on the ground and Labour isn't ready to a be government...
  • John Marriott
    @Brad Barrows I don’t know how old you are; but I assume you were around back in 1992. If you were then you will probably remember that Sheffield rally (“W...