Summary:
- Mobile money is a digital payment system that allows people to store, send, and receive money using a mobile device, even without a traditional bank account.
- Mobile money has become increasingly popular in developing countries, where it has helped increase financial inclusion and access to basic financial services for people who previously had limited access.
- Mobile money has also been used to facilitate other services, such as savings, credit, and insurance, and has the potential to drive economic growth and improve the lives of people in developing countries.