Mobile Phones + Savings: A Powerful Pair

"When I visited Kenya last December I had a chance to observe M-PESA, which is a mobile money service that is being used by more than 13 million people for storing and transferring money.

 

"Services like M-PESA are exciting because financial services of any kind have been available to only 10 percent of the 2.5 billion people who live on less than $2 per day. M-PESA showed me a new world of possibility brought by that great piece of technology, the mobile phone. A recent study found, among other things, that M-PESA allows users to maintain steady levels of consumption, particularly of food, through shocks such as job loss, illness, harvest failure and livestock deaths." -Bill Gates

 

Read the full blog post.

  • Planet 3 4y

    Thanks for sharing wonderful inspirational photos from Africa! I believe the opportunities are so huge in a place like this, where few people own their own PC, a cellphone is a portal to a new era in personal computing, with it's applications it can be the future in their hands. I work within the telecom/satellite industry and new ways of communication is definitely changing how people live and enriching their lives at a low cost.
  • fedrique_pierre 4y

    ORGANE, Best partner of Digicel Haiti with 58 points of sales for TCHO-TCHO MOBILE
  • moneysoldiers 2y

    I like this photo. I used this in my personal finance blog, Money Soldiers moneysoldiers.com/2013/08/12/small-big-difference-mobile-...
11,024 views
17 faves
4 comments
Taken on June 5, 2010
  • ƒ/8.0
  • 200.0 mm
  • 1/250
  • 500
  • Flash (off, did not fire)
  • Show EXIF
This photo is in 5 groups
This photo is in 2 albums

Additional info

  • Viewing this photo Public
  • Safety level of this photo Safe
  • S Search
    Photo navigation
    < > Thumbnail navigation
    Z Zoom
    B Back to context