Resource Type: Brief
Authors: Health Finance and Governance (HFG)
Published: 7/1/2013

Resource Description:

Mobile money describes financial transactions that are conducted using a mobile phone, where value is stored virtually (e-money) in an account associated with a SIM card. Such transactions are compatible with basic phones and do not require internet access. Mobile money systems have the potential of extending the reach of financial services to populations not served by the traditional banking sector.