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 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.
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Language: | English |
Published: |
Washington, DC: World Bank
2012-07
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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 https://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. |
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