35 30 in 2015
Two billion people remain unbanked, without access to safe, secure and affordable financial services. They lack access to the financial services they need to invest in their livelihoods, protect their assets and prevent them from falling deeper into poverty. Traditional bricks-and-mortar banking infrastructure is too expensive to serve the poor, particularly in rural areas. However, more than one billion underserved people in these markets have access to a mobile phone, providing existing infrastructure that can be used to sustainably offer financial services such as payments, transfers, insurance, savings and credit.
The GSMA Mobile Money Programme is working with mobile operators and industry stakeholders to create a robust mobile money ecosystem, which will increase the relevancy and utility of these services, and ensure their sustainability. To truly transform the financial lives of underserved people, mobile money must become a central monetisation mechanism, universally available across a greater range of digital transactions. By making mobile money more central to the financial lives of these users, greater financial inclusion, economic empowerment and economic growth can be achieved.
The GSMA Mobile Money programme is supported by the Bill & Melinda Gates Foundation, The MasterCard Foundation and Omidyar Network.
Download: The business case for payments banks in India
Download: Success factors for mobile money services
Download: Driving a price revolution Mobile money in international remittances
Download: The impact of mobile money interoperability in Tanzania
Download: Transforming mobile money data into action
Download: Paying school fees with mobile money in Côte d’Ivoire
Download: Mobile Money Operational Assessment
Download: GSMA MMU Infographic: Mobile Money in Latin America & the Caribbean
Download: Mobile financial services in Latin America & the Caribbean: State of play, commercial models, and regulatory approaches
Download: Mobile money crosses borders: New remittance models in West Africa
Mobile Money Deployments