All Challenges
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80% of Ugandans aren’t served by banks or other formal financial services providers. At the same time, Mobile Money (MM) has emerged as a way to enable people in the most remote areas to transfer money using their mobile phone. The mobile money infrastructure could be used for other products – like saving accounts, or loans – but so far, it’s only been used for remittances and bill payments. What other products – savings, loans, insurance – could the mobile money channel deliver to the poor?