Bringing the ATM to the village

Photo credit: Kainaz Amaria for The New York Times

In September, the New York Times ran an interesting piece about a new effort to expand access to financial tools in rural areas. Roving tellers essentially act as an ATM for rural populations, bringing with them the ability to deposit and withdraw money, open accounts, and transfer money. For much of the world’s poor, access to basic financial tools such as these are rare or non-existent. New technologies and solutions, such as the one in the article, are beginning to provide a safe and secure manner for low-income communities to store their savings and improve their financial outlook.

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About CTED

CTED, as part of the New York University Abu Dhabi Research Grant, is a multidisciplinary research lab that focuses on combining economic principles, technological advances, and human-centric design to create innovative solutions for the problems experienced in emerging regions.
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