Claudia McKay has written an interesting post on the CGAP Microfinance Blog, that examines branchless banking around the world.
Proponents of financial inclusion have eagerly anticipated the development of branchless banking services as a new approach to provide the unbanked – and especially the poor – with access to financial services. Statistics such as the 1.7 billion unbanked people with mobile phones have led to a great deal of interest in the potential of handheld technology, especially phones, to provide new channels with which low-income people can access financial services. Read the full piece at cgap.org.
The U.S. has large numbers of unbanked people who also use mobile phones. What types of technology-aided engagement might support financial literacy and consumer protection projects might we imagine in our own communities?