This important new paper by Tavneet Suri (Massachusetts Institute of Technology, MIT) and Billy Jack (Georgetown University) provides some startling new evidence of the positive impact of mobile money on the livelihoods of the poor. It builds on their earlier work which demonstrated that the mobile money system, M-Pesa, helped Kenyan households improve their protection against shocks through strengthening financial flows through informal networks.
The research is based on a long-term series of five surveys undertaken on M-Pesa in Kenya supported by FSD Kenya and the Bill and Melinda Gates Foundation.
Suri, T. and Jack, W. (December 8, 2016). The long-run poverty and gender impacts of mobile money. Science Vol. 354 (6317), 1288-1292. New York: American Association for the Advancement of Science.