Why mobile money can work in rural areas

Thursday, November 7, 2013

“There are definitely benefits such as the ability to send and receive payment, a reduced risk in transferring funds and, for farmers, it means an increase in productivity as they don’t have to spend time on the road to banks. But there are still a number of challenges,” said Lee H. Babcock, Owner and Managing Director at LHB Associates, during the ICT4Ag conference in Kigali, Rwanda.

Source: IT News Africa (link opens in a new window)

Categories
Agriculture
Tags
financial innovation, mobile money, rural, smallholder farmers