COVID-19 | Official online Resource and News Portal. For more information, visit

Savings as forward Payments: Innovations on Mobile Money Platforms

This paper by Ignacio Mas presents a new framework which allows people to manage their diverse payment, cashflow management and commitment savings needs simply and intuitively, from a single account. It builds on the logic of mobile money platforms, which provide customers with the ability to initiate real-time electronic payments from their mobile phone and to keep funds in a store-of-value account. By introducing the notion of forward (or deferred) payments, it is possible to create a much richer set of uses for the basic transactional account which cater to people’s need for commitments and ear-marking of funds for specific goals. It is functionally equivalent to a system where the customer can create multiple sub-accounts, but it is much easier to conceive and manage by the customer since it does not entail multiple account opening or multiple account numbers

Ignacio Mas
Ignacio Mas is a Senior Fellow at CEME at the Fletcher School. He has been deputy director at the Bill & Melinda Gates Foundation, has held senior telecoms jobs at Vodafone and Intel, and has been adjunct professor at the Business School at the University of Chicago. He holds a SB degree from MIT and a PhD from Harvard.

Leave a Reply