A new public-private partnership is tapping mobile applications to boost microentrepreneurs’ access to financial services.
eBay Foundation, in partnership with the Grameen Foundation, is backing the development of two mobile applications that will support microentrepreneurs in Indonesia — Mobile Marketplace and Mobile Transaction Platform. The programs will harness the power of mobile phones to increase Indonesians’ access to financial services, among others.
The planned mobile applications are expected to boost the livelihood of some 4.5 million people in Indonesia, where 80 percent of the population has access to a cellphone, according to a press release. Both foundations are hopeful that these applications will “contribute to the growth of the Indonesia-based network from 10,500 to 60,000 entrepreneurs over the next three years.”
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.