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Photo of the Day: Mobile Money Alleviates Poverty

Photo of the Day for Wednesday, September 19, 2012.

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Horn of Africa Disaster Didn't Happen Overnight

Photos and stories from the hunger crisis in The Horn of Africa—a region that includes Ethiopia, Kenya and Somalia—have brought to light suffering on an almost unimaginable scale.

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Showcasing Successes in ‘Banking Beyond Branches’

Around the world, banks, mobile network operators, and others are using innovative ways to make financial services more accessible and affordable for the poor.

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How Do Migrant Workers Save Money in India?

Imagine you’re a migrant laborer living entirely in the cash economy. How do you send money home to your wife and kids? How do you buy supplies from the next town over? How do you pay utility bills?

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Mobile Money Services Have Arrived in Haiti!

Today we announced that Digicel, Haiti’s leading cell phone company, won a $2.5 million prize for helping to make mobile money a reality in Haiti. Digicel’s service, Tcho Tcho Mobile (which is slang for money in Creole), is offering Haitians an alternative to long and costly trips to  pick up money sent by friends and family, waiting in long queues for salaries, or the insecurity of carrying cash. Haitians can now send, receive, and store money through their mobile phones without traveling to overcrowded banks or money transfer houses.

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