Bill & Melinda Gates Foundation

Photo of the Day: Mobile Money Alleviates Poverty

September 19, 2012

"I am saving because I want my children to get admitted to a good engineering college. Using my mobile money account is a very easy way for me to do it. I don’t have to go anywhere, I can do all of my saving from right here." -- Geentanjali Gupta, bakery shop owner

There is emerging evidence that connecting poor people to digital payment systems can help them get and stay out of poverty. By helping organizations digitize payments to poor recipients, the Better than Cash Alliance can help build a cash-lite society including millions of poor households in the formal economy and help them build financial security and live healthy, productive lives.

Geentanjali Gupta, bakery shop owner

Read "Is Cash the Enemy of the Poor?" on Impatient Optimists.

 
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