English with Confidence | IELTS & general English in Canada

A. In many developing countries, access to traditional banking remains limited. However, the rapid spread of mobile phones has opened up new possibilities for financial services. In Kenya, a mobile-based system has been introduced that allows users to transfer money using simple text messages. This innovation has made financial transactions accessible to millions of people who previously had no bank accounts.

B. The service enables users to store funds digitally on their phones and send money to others quickly and conveniently. It has already attracted a large number of users, with many transactions involving small amounts. Experts believe that such systems could significantly transform the way people manage money, particularly in regions where banking infrastructure is weak.

C. Using the system is straightforward. Customers deposit cash through authorised agents, who then update the user’s mobile account. Money can be sent by entering the recipient’s phone number and confirming the transaction with a secure code. The recipient can later withdraw the funds from another agent by verifying their identity.

D. The popularity of mobile money services has been driven by the widespread availability of mobile networks, even in rural areas. In places where banks are scarce, mobile operators are effectively providing an alternative financial system. There are also plans to expand the service to include additional features, such as paying wages directly to employees and enabling small loans.

E. This type of service is attracting global attention. International organisations and companies see it as a way to improve money transfers, especially for people sending funds across borders. Compared to traditional transfer services, mobile-based solutions are often faster and more affordable, making them particularly appealing to low-income users.

Reading test №2

Questions 1–4

Questions 5-8

Questions 9–12

Questions 13–16