Stories by Ken Banks and Benjamin Lyon

CreditSMS helps structure informal mobile finance

Mobile commerce is quickly becoming one of the most cost-effective, far-reaching means of giving the 'un-banked' poor their first taste of financial services. Yet many of these services are almost entirely informal, connected to neither banks nor traditional forms of regulation. A new initiative - CreditSMS - aims to integrate m-commerce with traditional financial management tools, thereby formalizing the informal and bridging the financial divide.