Description: Can Digital Footprints Lead to Greater Financial Inclusion?

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Can Digital Footprints Lead to Greater Financial Inclusion?

Poor people's use of their mobile phones generates data that leave what can be called a digital footprint. These data are among a handful of sources of electronic information that exist on poor people. This information is potentially powerful...

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Bibliographic Details
Main Authors:	Kumar, Kabir, Muhota, Kim
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ARTIFICIAL INTELLIGENCE BASIC BLOG BUSINESS MODEL BUSINESS MODELS BUSINESSES CDR CELL PHONES COMMERCE DATA PRIVACY DIGITAL ELECTRONIC INFORMATION EXPERIMENTATION FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL TRANSACTION IDENTITY IDENTITY MODULE INFORMATION SERVICES INNOVATION INTERNET SERVICES MARKETING MEDIA MESSAGING MOBILE NETWORK MOBILE PHONE MOBILE PHONES PAYMENT METHODS PDF PERSONAL DATA PRIVACY RESEARCHERS RETENTION SITES TELECOM TELECOMMUNICATION TELECOMMUNICATION SERVICES TELECOMMUNICATIONS TELECOMMUNICATIONS REGULATOR TELECOMS USER USERS WEB WEB SITE
Online Access:	http://documents.worldbank.org/curated/en/2012/07/16542062/can-digital-footprints-lead-greater-financial-inclusion http://hdl.handle.net/10986/9439

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Summary:	Poor people's use of their mobile phones generates data that leave what can be called a digital footprint. These data are among a handful of sources of electronic information that exist on poor people. This information is potentially powerful but has not yet been used in ways to radically impact financial access for poor people. This brief highlights some early experience on the potential of digital footprints from mobile phone use. Most of this initial work is experimental. As long as consumer interests are protected and privacy, security, and ethical use concerns are addressed, these data may become a useful way to reach unbanked poor people with a range of financial products.