In a commentary for Fortune, James Manyika of McKinsey and Rodger Voorhies of the Bill & Melinda Gates Foundation advocate for greater investment in digital finance – the technology that enables a mobile phone to become a “wallet” – as a way to promote financial inclusion. Youtap’s services enable mobile money transactions in these markets.
We estimate that improving access to financial services could add $3.7 trillion to the GDP of emerging economies by 2025, or 6% — equal to 1.5 times the current GDP of all of Africa. The additional GDP could create up to 95 million new jobs.
James Manyika, Rodger Voorhies