BRAC launches innovation fund to make mobile money work for the poor

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“On March 30, 2014 BRAC officially launched the BRAC innovation fund for mobile money at the Frugal Innovation Forum: Scaling Digitally in Savar, Bangladesh. BRAC is experimenting with transitioning from cash and exploring new development strategies enabled by mobile money with support from the Bill & Melinda Gates Foundation.

Mobile money is an exciting new tool for financial inclusion and service delivery across many sectors, and we’re really thrilled that the Gates Foundation has given BRAC support for experimentation in this initiative.”

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