What aspect of social Innovation does the business that helps people transfer money from one country to another at a lower cost using their cell phones reliably and efficiently incorporate in its business model?(3marks)
The aspect of social innovation that this business incorporates in its business model is financial inclusion. By providing a reliable and efficient way for people to transfer money across borders at a lower cost using their cell phones, the business is helping to include individuals who are traditionally underserved by traditional financial institutions in the global economy. This contributes to reducing financial barriers and promoting economic empowerment for individuals in developing countries.
