The cash will be spent on helping governments, mainly in Africa and south Asia, to strengthen regulation, promote interoperability of competing mobile-money services and to implement digital identity schemes.
In an interview with the Financial Times, Melinda Gates, who will present a report to G7 finance ministers in the French town of Chantilly on Thursday, said mobile-money transfer systems pioneered by Safaricom in Kenya a decade ago had helped change millions of lives but had left too many women behind. “The mobile phone and the digital bank account give us opportunities we just did not have a decade ago,” she said. “And yet, these accounts — if we don’t do something about this and if the G7 doesn’t focus on this — won’t get into the hands of men and women at the same rate.”
https://www.ft.com/content/116f36f0-a8a6-11e9-984c-fac8325aaa04