Mobile money has emerged as the leading enabler of financial inclusion in many developing countries. Beyond financial inclusion, mobile money is helping in combating climate change impact and building a greener future.
Climate-related disasters like floods and droughts affect millions across the world. In the post-disaster phase, government and non-government organizations can leverage mobile money to quickly collect donations and disburse financial aid to impacted people helping them to rebuild their lives. Weather-based crop insurance linked to mobile money provides protection to farmers in extreme climate conditions and enables them to re-plant in the next season.
Mobile money enables low-and-mid-income households to replace polluting energy sources like diesel, coal, and kerosene with clean solar energy and cooking gas on an affordable ‘pay-as-you-go’ payment model. Mobile money also facilitates green credit for recycling waste and crowdfunding for green projects.
Learn more about leveraging mobile money to build a greener future in this fireside chat session with Ericsson.
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