Are the 'small guys' the future of mobile banking for agribusiness?

Michael Spencer, founder and CEO of SmartMoney, an organization that aims to reduce poverty by providing affordable financial services to rural people in developing countries. Photo by: SmartMoney

Recent research has revealed there is a race among commodity buyers to have the fastest speed of payment to the farmer.

However, technology alone is not enough, as the reality on the ground is that companies must also find ways to reach local communities, educate people to use — and trust — the system, find enough funds to implement the ideas while continuing to innovate, and ultimately achieve scale so the projects are sustainable in the long term.

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    Richard Jones

    In his role as Editorial Director Richard oversees content for digital series, reports and events, leading a talented team of writers and editors, conducting high-level video interviews and moderating panels at events. Previously partnerships editor and an associate editor at Devex, Richard brings to bear 15 years of experience as an editor in institutional communications, public affairs and international development. Based in Barcelona, his development experience includes stints in the Dominican Republic, Argentina and Ecuador, as well as extensive work travel in Africa and Asia.