This week, the Center for Health Market Innovations newsletter highlights HFG’s new findings on how mobile money is being used for health.
HFG’s mobile money team has identified 18 distinct ways in which mobile money is being used for health in low- and middle-income countries. These avenues range from ensuring healthcare workers assigned to remote areas get paid on time to allowing patients without bank accounts to pay for their medical services.
In low- and middle-income countries across the globe, mobile money is making health systems more efficient and health care more accessible. In Sub-Saharan Africa, more than 12% of the population without a formal bank account already uses mobile phones to conduct financial transactions.