Global Assets Project

Global Assets Project: All Related Content

Taking the Jeff Bezos Approach to Building Your Own Startup

  • By
  • Eric Tyler,
  • New America Foundation
December 5, 2013 |

India May Benefit from Financial Access Initiative | The Hindu

October 19, 2013

Less than a year ago a report on financial access of the poor in India, authored by the New America Foundation think-tank, found that despite the Indian government’s “ambitious attempts in recent years to provide financial services to its poorest citizens” the desired effect had not been achieved with “65 per cent of adults excluded from the formal financial sector.”

Hope or Hype? Five Obstacles to Mobile Money Innovations for Youth Financial Services

  • By
  • Jamie M. Zimmerman,
  • Julia Arnold,
  • New America Foundation
September 12, 2013 |

Seen as a critical enabler of young people’s economic empowerment, youth financial inclusion has galvanized support and activity all over the world, garnering attention from policymakers, the financial sector, practitioners, and researchers. At the same time, technology, particularly the mobile phone, is increasingly seen as a potential tool to bridge gaps in information, products, and services to poor people worldwide. Services like M-PESA in Kenya have sparked interest and attention around the mobile phone’s potential to accelerate the pace toward global financial inclusion.

A Conversation on the Weekly Wonk: Should We Bank On It?

September 12, 2013

If you haven't had a chance yet to check out New America's new digital magazine, the Weekly Wonk, have a look. This is an institution-wide effort so the content you'll find there comes from all of our varying policy programs. The magazine will be published every Thursday, and you can sign up to receive it via email on our homepage.

This week's edition featured a conversation among Jamie Zimmerman, director of New America’s Global Assets Project (GAP) and co-author of the just-released “Beyond the Buzz: The Allure and Challenge of using Mobile Phones to Increase Youth Financial Inclusion,” Hibah Hussain, policy program associate at New America’s Open Technology Institute and author of the policy paper “Dialing Down Risks: Mobile Privacy and Information Security in Global Development Projects,” and Eric Tyler, a GAP research fellow.

On the Weekly Wonk:

Imagine a 10-year-old girl in Nepal stashing her weekly allowance not under a floorboard in her room, but in a banking app on her mobile phone. It’s a win-win-win: She’s building assets, averting notorious local banking corruption, and learning tech skills. It’s easy to see why the potential for mobile finance has development experts all over the world drooling. But is that utopian narrative more hype than help? To find out, we convened three analysts for a discussion on whether we should bank on mobile finance to lift youth in the developing world out of poverty.

Jamie, let’s start with you. Your new paper is on the allure and challenge of mobile finance as a way to make banking more accessible to young people in the developing world . Why is mobile such an attractive solution to combat poverty?

Click here to read the rest of the conversation.

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