Developing countries that have implemented a Mobile Financial System have been rewarded with:

• Lower costs of accessing financial services
• Increased transparency
• Improvements in the degree of financial inclusion
  
  • Mobile subscribers without bank accounts who access financial services via the mobile
  • Mobile subscribers with savings and or credit only accounts who access money transfer services, bill payments and remittances, via the mobile
  • Mobile subscribers who own money transfer accounts but find it convenient to access financial services via the mobile
• Increases in GDP

Although the Mobile Financial System is used for a variety of purposes, including savings, its primary purpose and use is to support existing payments and remittances channels. By implication, any country where large numbers of the population cannot access payments and remittances channel through financial account ownership and or at relatively low costs will benefit from the Mobile Financial System.