January 16

Gates Foundation Mobile Money Projects in Developing World to Go Live This Year

By Karl Flinders

Major mobile money projects in Africa and Asia being run by the Bill & Melinda Gates Foundation will go live as early as the middle of this year, giving some of the world’s poorest people access to financial services.

The foundation, set up by Microsoft founder Bill Gates and his wife Melinda, helps these projects in various ways. It provides philanthropic capital and technical assistance, as well as open source software in some cases.

Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year. “These projects will this year move from deployment and development to actually serving the poor populations,” he said.

Photo courtesy of WorldRemit Comms.

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digital finance, financial inclusion, fintech, global development