Mobile technology and global challenges

The mobile World Congress (27/02-02/03/17) “illustrated ways that mobile technology can be used to address major global challenges, from personalized learning to pay-as-you-go solar”.

We do think that a word of caution on the matter may add a lot to the paramount benefits of the technology. Talking about mobile phone and other smart electronic devices, the connectivity question is: should the users be eligible to connect? As the insiders of economic development issues are aware, it is the same question, sometime forty years ago, micro lenders faced when inaugurated the cycle everybody deserve a loan and in so doing neglected the eligibility criteria: we witnessed financial implosions and negative impacts on both individuals and communities.

There is the risk that history repeats itself: last century the new credo was promoted by microfinance’s pioneers who mystified the concept of the rights of the people to have an equal opportunity (GVT task) with the right to have access to credit (lender discretion). Currently, on the grounds of the digitalization, the technologists have been doing the same mistake in partnership with microfinance providers.

Why the above-mentioned pioneers have been allowed to spread their inconsistent and unsustainable credo? We tried to provide an answer (pages 7-8 and 10-14, Let’s look ahead.

At the heart of the digitalization problem the question is: how to make users eligible to a WhatsApp? We have discussed the matter and summing up, there are two levels of interpretation: macro and micro. The former take from the definition of financial inclusion “provision of financial services to unserved and underserved customers” (Basel III Committee:, which refers to customers and not people, meaning that a link with a finance provider is a pre-requisite for whatsoever financial link. The latter requires to shift from product innovation to process innovation and in so doing adding value to the product.

Does it make sense give a mobile to people with $ 2/d income? Last century they did it!. In “Open letter to Fintech” I dealt with the matter:

By and large to have an inclusive growth the “big job” is to have less unserved and better underserved customers. How to? Two lines of intervention, again , at macro and micro level: the former moving from credit-based economy to community-based economy, the latter with an appropriate market segmentation.

Those who like to have a comprehensive overview of the subject under discussion may click the above mentioned line of the iBook: a suggestion for Sunday’s reading.

Autore: graziosiascanio

I am doctor in Economics. I am based in London (+44 7943286549) and Rome (+39 3273211887). I do have a banking background and specialization in Microfinance, Project Management-Monitoring-Evaluation, Risk Fund. I have accumulated more than 30 years of experience in 28 Countries and collaborated with the major international development organizations such as World Bank Group, Ministry of Foreign Affairs-Italian Co-operation, European Union, Danish Cooperation, FAO, UNDP and Others in East Europe, Caribbean, Central Asia and Africa.
- Investment Advisor
- Design, Manage, Evaluate Credit Projects Financial inclusion - Trust Funds - Guarantee Funds
- SME financing & Private Sector Development
- Association in submission Tenders dossiers & EOI
- Assist MFI decision makers to understand situations and take action
- Project Management & Evaluation
- Drafting Technical proposals & Methodologies
- Review and revision MFI strategy & Management
- Investigation for markets opportunities 
- Design credit models & Launch new products
- Capacity building, Business development, Financial inclusion
- Downscaling & Up scaling operations
- Backstopping position to follow-up multiple field activities
- Training Managers & Field staff. I launched the Service A PROJECT FOR MFI DECISION MAKERS. enquiry: I am Founder and Owner of 2030 FINANCIAl INCLUSION with LinkedIn, I published The Gateway to Africa Inclusive Growth, JAMBO FUND


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