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
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