Clinton Global Initiative members came together in an effort that will bring Mobile Banking to millions of poor people in developing nations. Those participating in this Mega-Commitment:
* CGAP commits to fund pioneering m-banking initiatives, conduct market research, and convene regulators.
* Equity Bank commits to double the number of Kenyan citizens with mobile banking services.
* The GSMA Development Fund, with a grant from The Bill and Melinda Gates Foundation, commits extend mobile financial services to 20 million new customers living under $2 a day.
* MPower Ventures commits to enable money transfers on mobile phones through prepaid debit cards.
* Tostan commits to expand access to mobile banking services in rural West African communities.
* Western Union commits to develop strategic alliances to introduce or support mobile-based initiatives for underserved communities in more than fifteen countries.
* WISeKey commits to provide a secure platform for mobile payments and transactions.
* Wizzit Bank commits to scale its mobile banking initiative from South Africa to 13 additional countries.
* Women's World Banking will study how microfinance institutions can employ mobile services.
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| From Global Clinton Initiative 2008 |
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