Title of Business Plan:
The Impact of Mobile Devices on the Development of Emerging Economies; the Role of Mobile Banking in Enabling FinancialInclusion
Financial InclusionName of Institute :
MBA Program of Global Entrepreneurial Management andBusiness Administration Fu Jen Catholic University.
Name of Student :
Total Page :
In the quest for alleviating poverty and enabling connectivity in developingcountries, no technology has exhibited more promise or generated moreexcitement than the rapid penetration of mobile devices into developingcountries. As of 2011, 85% of the world’s seven billion had cellular devices, andthere is validating evidence that illustrates how this increased connectivity canimprove emerging economies. In India, one study proved that for every 10%increased in mobile penetration, there was a 1.2 increase in GDP. Mobiledevices, which historically have been used for texting, gaming, and talking in thedeveloping world, are beginning to impact other sectors of the economy,enabling economic and social development. One of the most exciting promisesmobile brings to developing countries is the ability to leapfrog the traditionalinfrastructure required in many of these industries – agriculture, health,government and money.