90 Seconds With Bill Gates: Mobile Banking in Africa
WHY YOU SHOULD CARE
Because as Africa goes mobile, it’s no longer business as usual.
By Carlos Watson
Mobile phones are an essential part of everything these days. And in parts of Africa, mobile phones are easier to access than a local bank branch. That’s part of the reason why billionaire philanthropist Bill Gates thinks they will revolutionize banking for everyday Africans. Mobile phones mean that people with low balances and not much capital can leapfrog traditional banking structures and access new and flexible forms of capital and credit. Bill Gates talks with Carlos Watson about how phones can unlock loans for small farmers and entrepreneurs.