Abstract
The purpose of this paper is to examine the contribution that international mobile remittances make in promoting financial inclusion and development. We use the case of the EcoCash Diaspora service that is offered by Econet Wireless Zimbabwe for the study. EcoCash Diaspora is a mobile money transfer service that enables users to send remittances directly to the EcoCash mobile phone wallet of recipients in Zimbabwe. We argue that international mobile remittances are a spectacular innovation in that they are able to reach people banking institutions had faced challenges with reaching, particularly those in rural areas. Given that there are significantly more people who own mobile phones in comparison to those who hold formal bank accounts, providing financial services through mobile networks could provide financial access to several unbanked households. In addition to this, international mobile remittances also promote human development by enhancing the financial capabilities of the recipients. Our study demonstrates the important role mobile technology is playing in improving lives of people at the bottom of the pyramid and we encourage greater use of mobile technology in delivering services to this population. Keywords: Remittances , Mobile Banking, Financial inclusion, Human Development.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
