An untapped mobile money market
- February 13, 2012
- Domestic payments in developing countries have been unduly neglected in policy discussions, says a new study by anthropologist and IMTFI director Bill Maurer
A new study by Bill Maurer, anthropologist and director of the Institute for Money, Technology & Financial Inclusion, finds an untapped service market in Africa's domestic mobile payment industry.
While more attention is often given to international remittances by the payments industry, his findings show that domestic payments in developing countries have been unduly neglected in policy discussions - and as a line of business.
The full study, "Tips for 2012: Understanding Payment Behavior of African Households – A Vast and Untapped Market," is featured online at PYMNTS.com.