Poverty and privacy exactly exactly exactly How electronic monetary services can prey upon the indegent

Their information may be used to exploit along with assistance them

FOR THOSE OF YOU trying to assist the worst-off in bad nations, the cellular phone happens to be a secret gun. Mobile-money records have actually helped deliver “financial inclusion”—making economic solutions available towards the tens of millions with a phone but no bank-account. However they have downsides too.

The essential way that is obvious monetary solutions damage poor individuals is through laying them more open to fraudulence. (more…)

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