4 Ways Cell Phones Are Outpacing Toilets in Reducing Global Poverty
August 20, 2016
Article
More people in the world have access to cell phones than to toilets. As crazy as that sounds, it just goes to show the potential of financial technology (fintech) for global economic development and poverty reduction.
Even with all the billions of dollars spent on conventional poverty reduction initiatives around the world, over half of the world’s 7.5 billion people still live on less than $4 a day.
Mobile financial services, on the other hand, are proving to be a dramatic game-changer in increasing economic opportunities for people globally. Here are a few reasons why.
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Categories: Online