Unbanking on mobile money

October 1st, 2009

“In the rich world, mobile money brings convenience and speed. In the developing world, mobile telephony provides the only feasible infrastructure to bring banking to the poor,” Godfrey Supka from IBS Publishing reports.

While this story isn’t a new one, since the concept for Obopay happened while Carol Realini, Obopay’s founder and CEO, was doing volunteer work in Africa, IBS Publishing makes a good business case for why microfinance institutions (MFIs) will help millions of people get on their feet and build a secure future.