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Mobile Phones + Savings: A Powerful Pair

When I visited Kenya last December I had a chance to observe M-PESA, which is a mobile money service that is being used by more than 13 million people for storing and transferring money.

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Building a Community to Bring Savings to the Poor

I may have my bias as the host of last month’s Global Savings Forum here in Seattle, but I think it’s fair to say that I wasn’t the only one who felt a new, exciting energy at the gathering.

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Two Themes from the Global Savings Forum

On November 16 and 17, the Bill & Melinda Gates Foundation hosted a Global Savings Forum that brought together more than 250 leading players from around the world, including executives from financial service providers, mobile communication companies, international setting bodies, national regulatory agencies, and central banks, along with academics and financial inclusion experts.

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The Importance of Saving for the Poor

Plenty of people have heard about microcredit, about giving small loans to poor people. But very few people know about the new technologies that are making is possible for poor people to save the money they earn.

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Banking on Savings for the Poor

Chances are, you own one of the most powerful solutions to global poverty. I bet you have it with you as you read this. It may be on your desk, or in your pocket or purse. No, it’s not your wallet.

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