Universal Mobile Money

July 28th, 2011

Access to affordable financial services is critical to our life and our work. Yet, this accessibility is far from universal. Mobile banking can change that. Today there are nearly 5 billion people using mobile phones in the world, but only about 1.6 billion bank accounts, and according to World Bank estimates there are over 2.7 billion adults in the world that can benefit from the dramatic changes mobile banking can bring to their lives.

Together with the World Economic Forum (WEF), at part of IdeasLab, Obopay has published a video and an accompanying paper to discuss the opportunity for Universal Mobile Money and how best to address the challenges of making it a reality through an Open Collaborative Model. You can view the video and paper at the links below:

Universal Mobile Money Video:
http://www.weforum.org/content/mobile-financial-services-all

Universal Mobile Money Paper:
http://slidesha.re/o50nSB