The option to store value and to transact from a safe savings account is the foundation of financial inclusion. There is a need for developing banking models that allow poor people to save daily, as they earn money, right from their neighbourhoods and villages. This requires leveraging existing non-bank retail outlets to serve as cash transaction points acting on behalf of licensed financial institutions, and mobile operators acting as channel managers and transaction aggregators. Such schemes need to be commercially viable for all players involved, without having to rely on credit as a driver of profitability.

Collins, Daryl, Morduch, Jonathan, Rutherford, Stuart, Ruthven, Orlanda (2009) Portfolios of the Poor, How the World's Poor Live on $2 a Day, Princeton: Princeton University Press.

Duflo, Esther, Kremer, Michael and Robinson, Jonathan (2009) ‘Nudging farmers to use fertilizer: evidence from Kenya’, MIT Department of Economics Working Paper No. 09-19.

Dupas, Pascaline and Robinson, Jonathan (2008) ‘Savings constraints and microenterprise development: evidence from a field Experiment in Kenya’, Working Paper, National Bureau of Economic Research, Massachusetts.

Vogel, Robert C. (1984) ‘Savings mobilization: the forgotten half of rural finance’, in Adams, Dale W., Graham, Douglas H. and von Pischke, J.D. (eds) Undermining Rural Development with Cheap Credit, Boulder, Colorado: Westview Press.

Collins, Daryl, Morduch, Jonathan, Rutherford, Stuart, Ruthven, Orlanda (2009) Portfolios of the Poor, How the World's Poor Live on $2 a Day, Princeton: Princeton University Press.

Duflo, Esther, Kremer, Michael and Robinson, Jonathan (2009) ‘Nudging farmers to use fertilizer: evidence from Kenya’, MIT Department of Economics Working Paper No. 09-19.

Dupas, Pascaline and Robinson, Jonathan (2008) ‘Savings constraints and microenterprise development: evidence from a field Experiment in Kenya’, Working Paper, National Bureau of Economic Research, Massachusetts.

Vogel, Robert C. (1984) ‘Savings mobilization: the forgotten half of rural finance’, in Adams, Dale W., Graham, Douglas H. and von Pischke, J.D. (eds) Undermining Rural Development with Cheap Credit, Boulder, Colorado: Westview Press.

Collins, Daryl, Morduch, Jonathan, Rutherford, Stuart, Ruthven, Orlanda (2009) Portfolios of the Poor, How the World's Poor Live on $2 a Day, Princeton: Princeton University Press.

Duflo, Esther, Kremer, Michael and Robinson, Jonathan (2009) ‘Nudging farmers to use fertilizer: evidence from Kenya’, MIT Department of Economics Working Paper No. 09-19.

Dupas, Pascaline and Robinson, Jonathan (2008) ‘Savings constraints and microenterprise development: evidence from a field Experiment in Kenya’, Working Paper, National Bureau of Economic Research, Massachusetts.

Vogel, Robert C. (1984) ‘Savings mobilization: the forgotten half of rural finance’, in Adams, Dale W., Graham, Douglas H. and von Pischke, J.D. (eds) Undermining Rural Development with Cheap Credit, Boulder, Colorado: Westview Press.

Collins, Daryl, Morduch, Jonathan, Rutherford, Stuart, Ruthven, Orlanda (2009) Portfolios of the Poor, How the World's Poor Live on $2 a Day, Princeton: Princeton University Press.

Duflo, Esther, Kremer, Michael and Robinson, Jonathan (2009) ‘Nudging farmers to use fertilizer: evidence from Kenya’, MIT Department of Economics Working Paper No. 09-19.

Dupas, Pascaline and Robinson, Jonathan (2008) ‘Savings constraints and microenterprise development: evidence from a field Experiment in Kenya’, Working Paper, National Bureau of Economic Research, Massachusetts.

Vogel, Robert C. (1984) ‘Savings mobilization: the forgotten half of rural finance’, in Adams, Dale W., Graham, Douglas H. and von Pischke, J.D. (eds) Undermining Rural Development with Cheap Credit, Boulder, Colorado: Westview Press.