The focus of the financial inclusion debate has been mainly on credit and savings services. This column provides evidence that more effective payment systems can help ease small businesses’ access to external finance, ultimately resulting in faster economic growth. The success story of M-PESA in Kenya shows that mobile money technology not only increases financial inclusion of households, but also alleviates small firms’ financing constraints.
Thorsten Beck, Haki Pamuk, Ravindra Ramrattan, Burak Uras, 12 September 2015
Most Read
Vox eBooks
Vox Talks
Events
-
12 - 14 December 2019 / National University of Singapore (NUS) / National University of Singapore (NUS)
-
16 - 17 December 2019 / Frankfurt am Main / European Central Bank
-
16 - 17 December 2019 / Brussels / Université Libre de Bruxelles (ULB)
-
8 - 8 January 2020 / Amsterdam / SUERF and DNB
-
18 - 19 January 2020 / University of Warwick, Coventry / University of Warwick
