Bringing E-Money to the Poor : Successes and Failures

Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms. Instruments such as e-money accounts and mobile accounts, along with debit cards and low-cost traditional bank accounts, can significantly increase...

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Bibliographic Details
Main Authors: Riley, Thyra A., Kulathunga, Anoma
Format: Book
Language:English
en_US
Published: Washington, DC: World Bank 2017
Subjects:
Online Access:http://hdl.handle.net/10986/27944
id okr-10986-27944
recordtype oai_dc
spelling okr-10986-279442021-04-23T14:04:47Z Bringing E-Money to the Poor : Successes and Failures Riley, Thyra A. Kulathunga, Anoma FINANCIAL INCLUSION ACCESS TO FINANCE PAYMENT SYSTEMS DIGITAL TECHNOLOGY MPESA MICROFINANCE REMITTANCES SOCIAL WELFACE PAYMENTS DIGITAL FINANCE E-MONEY MOBILE MONEY Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms. Instruments such as e-money accounts and mobile accounts, along with debit cards and low-cost traditional bank accounts, can significantly increase financial access for those who are excluded. Bringing e-Money to the Poor: Successes and Failures examines the lessons of success from four country case studies of “gazelles”―Kenya, South Africa, Sri Lanka, and Thailand―that leapt from limitation to innovation by successfully enabling the deployment of e-money technology. These countries have thereby transformed the landscape of financial access to their poor. In addition, two country case studies (Maldives and the Philippines) yield lessons learned from constraints that stalled e-money deployments. Because technology is not a silver bullet, the case studies also explore other strategic elements that need to be in place for a country to expand access to financial services through digital technology. 2017-08-22T14:55:52Z 2017-08-22T14:55:52Z 2017-08-22 Book 978-1-4648-0462-5 http://hdl.handle.net/10986/27944 English en_US Directions in Development—Finance; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication South Asia South Asia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic FINANCIAL INCLUSION
ACCESS TO FINANCE
PAYMENT SYSTEMS
DIGITAL TECHNOLOGY
MPESA
MICROFINANCE
REMITTANCES
SOCIAL WELFACE PAYMENTS
DIGITAL FINANCE
E-MONEY
MOBILE MONEY
spellingShingle FINANCIAL INCLUSION
ACCESS TO FINANCE
PAYMENT SYSTEMS
DIGITAL TECHNOLOGY
MPESA
MICROFINANCE
REMITTANCES
SOCIAL WELFACE PAYMENTS
DIGITAL FINANCE
E-MONEY
MOBILE MONEY
Riley, Thyra A.
Kulathunga, Anoma
Bringing E-Money to the Poor : Successes and Failures
geographic_facet South Asia
South Asia
relation Directions in Development—Finance;
description Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms. Instruments such as e-money accounts and mobile accounts, along with debit cards and low-cost traditional bank accounts, can significantly increase financial access for those who are excluded. Bringing e-Money to the Poor: Successes and Failures examines the lessons of success from four country case studies of “gazelles”―Kenya, South Africa, Sri Lanka, and Thailand―that leapt from limitation to innovation by successfully enabling the deployment of e-money technology. These countries have thereby transformed the landscape of financial access to their poor. In addition, two country case studies (Maldives and the Philippines) yield lessons learned from constraints that stalled e-money deployments. Because technology is not a silver bullet, the case studies also explore other strategic elements that need to be in place for a country to expand access to financial services through digital technology.
format Book
author Riley, Thyra A.
Kulathunga, Anoma
author_facet Riley, Thyra A.
Kulathunga, Anoma
author_sort Riley, Thyra A.
title Bringing E-Money to the Poor : Successes and Failures
title_short Bringing E-Money to the Poor : Successes and Failures
title_full Bringing E-Money to the Poor : Successes and Failures
title_fullStr Bringing E-Money to the Poor : Successes and Failures
title_full_unstemmed Bringing E-Money to the Poor : Successes and Failures
title_sort bringing e-money to the poor : successes and failures
publisher Washington, DC: World Bank
publishDate 2017
url http://hdl.handle.net/10986/27944
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