Kenya’s mobile money revolution
Mobile-phone-based, person-to-person payment and money transfer systems are innovative—but are they really good for poverty reduction and development?
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Milford Bateman is a Visiting Professor of Economics at Juraj Dobrila University of Pula, in Croatia and an Adjunct Professor of Development Studies at St. Mary’s University in Halifax, Canada.
Mobile-phone-based, person-to-person payment and money transfer systems are innovative—but are they really good for poverty reduction and development?
The microcredit industry is not a driver of development and poverty reduction, but quite the opposite: it is an “anti-developmental” intervention.