Articles by Cheng-Yun Tsang
Want to Boost Financial Inclusion? Pay Interest on Mobile Money / Louise Malady / Cheng-Yun Tsang
Want to Boost Financial Inclusion? Pay Interest on Mobile Money
E-money has been the principal means of increasing access to financial inclusion. Yet most accounts in emerging markets are used only to receive government payments that are then quickly withdrawn as cash. Ross P. Buckley, Louise Malady and Cheng-Yun Tsang say that one way to tackle this problem, and to promote financial inclusion, is to pay interest on e-money.