GSMA Announces Seven New Grant Recipients from the Mobile Money for the Unbanked Programme

The GSMA announced the details of a further seven grantees from the Mobile Money for the Unbanked (MMU) Fund, which is administered by the GSMA Foundation, Inc., with funding from the Bill and Melinda Gates Foundation. New grantees are Cellcard in Cambodia, Digicel in Fiji, Orange in West Africa, Safaricom in Kenya, Tata Indicom in India, Telenor in Pakistan, and Tigo in Africa.

“Just 15 months after we first announced the launch of the Mobile Money for the Unbanked Programme we are proud to announce that all funds have been committed in support of mobile money deployments across the globe,” said Gavin Krugel, Director GSMA. “Projects were chosen on their ability to deliver, speed of delivery, scale and sophistication. Between now and the end of 2011 millions of consumers are expected to directly benefit from mobile money services launched with the support of the Fund – that is 170 million customers at the base of the economic pyramid and who previously lacked access to financial services, from 19 operators in Latin America, Africa, and Asia.”