Mobile money, trade credit, and economic development | VOX, CEPR’s Policy Portal

*Risk* is central here, and the technological bridge offered by mobile payment reduces the out-of-control risk characterising corrupt and otherwise textured political landscapes. In effect, the pick up of M-Pesa and its ilk trump claims for the cruciality of community—itself a vagueness more satisfying to anthro-nostalgic rich nations than practical actuality.

Source: Mobile money, trade credit, and economic development | VOX, CEPR’s Policy Portal