Interview with By Lee Babcock, managing director of the mobile strategy unit at ACDI/VOCA, an economic development organisation based in Washington, DC in the United States. ACDI/VOCA is dedicated to promoting economic opportunities for cooperatives, enterprises and communities through the innovative application of sound business practice.Read More
Leading up to the 2014 Fin4Ag – Revolutionising finance for agri-value chains international conference, the Technical Centre for Agricultural and Rural Cooperation (CTA) commissioned a study to explore the state of digital/mobile payments in agriculture. CTA is pleased to present the results of the study that it believes will make an important contribution to the body of knowledge on this topic. The study was carried out using three case studies; SmartMoney from Uganda, NWK Agri-Services from Zambia and Rice Mobile Finance (RiMFin) from Ghana.
Emerging innovations in mobile finance are revolutionising the agricultural value chain, and in the process they are creating alternative ways of making payments to farmers, giving them greater access to a range of financial services and reducing or eliminating supply chain credit risk.