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Resource round-up on payment systems among the poor

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Jake Kendall, Program Officer in the Financial Services for the Poor (FSP) initiative at the Bill & Melinda Gates Foundation, will be presenting at the upcoming After Hours Seminar #60: “Money on the Move: Payments and Money Transfer Behavior of African Households.”  The following are a collection of articles authored by Kendall that discuss the role of money transfer among the poor.

In an article for PYMTS.com by Kendall and co-author Bill Maurer, Director at the Institute for Money Technology and Financial Inclusion at the University of California Irvine, new data are presented on the domestic payments market in Africa.  The results are based on a survey that was conducted across various African countries that asked questions related to respondents’ payment behaviors through services such as money transfers, international remittances, government and wage payments, and utilities and other bills.

Read:Tips for 2012: Understanding Payment Behavior of African Households – A Vast and Untapped Market

Kendall’s article for CGAP’s blog is a follow-up to the previous post citing the importance of domestic payments as a significant contribution to a household’s financial “toolbox.”  The article then discusses different approaches to developing the market for domestic payments including both mobile and bank-led initiatives.

Read:Can we achieve financial inclusion faster in bank-led or mobile-led markets?

In a post for the Financial Access Initiative, Kendall discusses the significant shift in thinking from money transfer as “an enabling infrastructure for other services” to “a service that is believed to be impactful in its own right.”  The article mentions the experience of M-PESA in Kenya, evidence of increased risk-sharing among households, and other economic benefits. 

Read:The Year in Microfinance

Kendall’s other article on CGAP's blog discusses the work being done at the Bill & Melinda Gates Foundation. A summary of research on remittance senders conducted in India, Kenya, Tanzania, the Philippines, and in post-earthquake Haiti is provided as well as a discussion of benefits that payment services can provide to poor households.

Read:The Poor Need Better Payment Services