Savings as Forward Payments: Innovations on Mobile Money Platforms
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This paper presents a new framework which allows people to manage their diverse payment, cashflow management and commitment savings needs simply and intuitively, from a single account. It builds on the logic of mobile money platforms, which provide customers with the ability to initiate real-time electronic payments from their mobile phone and to keep funds in a store-of-value account. By introducing the notion of forward (or deferred) payments, it is possible to create a much richer set of uses for the basic transactional account which cater to people’s need for commitments and ear-marking of funds for specific goals.
Intake: February 17 - May 25, 2021 Cost: $750 per participant Time commitment: 3-4 hours per week Other requirement: Reliable internet connection
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