In an increasingly interconnected world, the advent of mobile banking has ushered in a transformative era. Access to mobile banking can have a profound impact on people in developing economies. The impact of mobile banking extends beyond individual lives – it ripples through entire communities, affecting aspects such as migration and inequality.

Dr Saravana Ravindran, Assistant Professor at the Lee Kuan Yew School of Public Policy, studies challenges and potential policy solutions relating to migration, including mobile banking and digital financial services. He has conducted research into whether mobile technology can reduce inequality by modernising traditional ways to transfer money. He joins us to explore the socio-economic impact of mobile banking on communities.