Mobile Money and Local Development

Financial services are typically delivered by large banks through physical buildings with dedicated tellers. New forms of mobile-based financial applications - known as mobile money - reduce operating costs and expand access to the financial system by the poor by offering an easy, efficient, safe and affordable means to send and receive payments. This project will explore how different mobile money applications affect local economic development. Researchers will then build a model that will provide decision-makers and regulators with a systematic understanding of the potential benefits and drawbacks of mobile money from a local development perspective. The model will be tested in a nationwide initiative currently being implemented in Uruguay, and shared with teams presently implementing socially-motivated mobile money initiatives in three other countries.

Project ID

106459

Project status

Closed

Start Date

Tuesday, March 1, 2011

End Date

Wednesday, May 1, 2013

Duration

20 months

IDRC Officer

Perini, Fernando

Total funding

CA$ 261,150

Countries

North and Central America, South America, Uruguay

Program

Networked Economies

Project Leader

Antonio López

Project Leader

Alicia Spengler

Project Leader

Eduardo Tarragó

Institution

Fundación STRO

Institution Country

Uruguay

Institution Website

http://www.stro.org.uy