How can mobile phones make the world more sustainable?

 

RTR2YGTM-800x450

How can mobile phones make the world more sustainable?

The increasingly rapid advancement of mobile technology now makes it possible to access information from almost anywhere in the world through the Internet and mobile apps.

How can we utilize this advancement to create a more sustainable planet?

The answer lies in connecting rural landowners to governments and financial institutions through the use of mobile technology.

With an expected 50% increase in global food demand by 2030 and more than 9 billion people to feed by 2050, there is a critical need for additional agricultural investment.

Approximately 440 million farmers do not have a bank account or mobile money account, and there is $450 billion in unmet global demand for smallholder agricultural finance, according to the World Bank and Dalberg.

With limited infrastructure in rural areas, communicating with the government and accessing bank products is nearly impossible for many landowners. However, with expanded mobile coverage and increased Internet accessibility through mobile devices, Thomson Reuters can now help connect these parties and address key challenges to sustainable economic inclusion.

Mobile technology is now helping landowners document their land rights, governments develop formal registries, and financial institutions reach landowners and farmers who desire credit and insurance.

By bridging this connection gap, we are improving land registries for governments with wider participation from landowners, helping farmers to access credit and crop insurance with formal land titles to demonstrate ownership and collateral, and helping banks reach new customers and make responsible lending decisions.

We have seen a dramatic reduction in poverty resulting from a stronger agricultural sector around the world, such as 63% higher agricultural productivity in plots without risk of eviction in Uganda and a 50% gain in productivity after land titling in Nicaragua.

Mobile technology has a big part to play in the fight against poverty and creation of a sustainable planet.

Published by

MobileMoneyMatters

Daniel Csoka is a visionary payments strategist and has successfully created and brought to market award-winning emerging payments systems and mobile technologies that have been utilized by over 200M people worldwide. Over the past 20 years focused on emerging payments and alternative financial services, he has assembled patent-pending international ecosystems of mobile network operators, financial institutions, card associations, electronics transactions processors, money transfer operators, retailers and POS networks and successfully sold and brought to market innovative Mobile, Prepaid, Payments, E-Commerce, Virtual Payments, Loyalty and Mobile Money Transfer services globally. He has provided a broad range of marketing, strategic and industry oriented consulting services to mobile operators, card associations, financial institutions, mobile financial services providers, equipment vendors, content providers and electronic transactions processors worldwide in the payments industry. He is proficient at identifying new opportunities and is well-practiced at navigating through complex regulatory environments to bring those visions to market. He is adept at pairing industry trends and best practices with internal business knowledge helping companies shape, formulate and successfully execute their strategy. He effectively blends entrepreneurial instincts with a keen understanding of customers’ needs to consistently deliver best of breed payments solutions. He is a recognized industry expert and frequent industry speaker and has chaired, moderated or spoken at numerous payments conferences and forums worldwide. He has been quoted on various issues related to payments and FinTech in many payments industry related business publications including, among others, PYMNTS.com, Fierce Wireless, RCR Wireless, Wireless Week, Wireless Review, Chicago Tribune, The Prepaid Press, Billing & OSS World, Center for Financial Services Innovation (CFSI), Payments News and Business Week.

Leave a Reply

Your email address will not be published. Required fields are marked *