Library Videos Mobile Banking: Focus on Savings

Mobile Banking: Focus on Savings

17 Jan 2011 1046

In this video, Bob Christen, Director, Bill & Melinda Gates Foundation, talks about the strategy of the Foundation in mobilising savings account for people who live on less than 2 dollars a day. Bob explains the various agent models that could support savings services. He says the successful mobilisation of small-scale savings requires dramatic reductions of transaction costs where mobile banking and electronic payment platforms play a central role. Talking about the opportunities ahead, Bob says many countries are thinking how banks can utilise retail networks to provide financial services and mobile phones is the way ahead.

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