Can cell phones improve access to finance in the Third World? Kabir Kumar of the Consultative Group to Assist the Poor on NPR’s All Things Considered:
In developing nations, many people still do not have bank accounts — but they do have cell phones.
Now, a group with the World Bank is trying to develop a way to allow poor people to use their cell phones to save and transfer money.
Kabir Kumar of the Consultative Group to Assist the Poor talks to Debbie Elliott about the project.