Washington Post: The coronavirus is upending cash economies. Mobile money could emerge the winner.

  • Monday, May 25, 2020

“As the coronavirus spreads, businesses and governments, struggling under the weight of the pandemic, are looking to limit cash exchanges, which the World Health Organization has warned could transmit the virus. Mobile money has emerged as an alternative.

Companies and industry experts told The Washington Post they have seen overall rises in new mobile money users globally over the past six weeks, even as the total value of transactions has fallen amid economic duress. Over a dozen countries have also reduced barriers for private transactions, for instance by lowering fees and raising daily limits, and some have used mobile money to deliver emergency funds.”

 

Read the full article at The Washington Post:

The coronavirus is upending cash economies. Mobile money could emerge the winner.