Mdoso (M for mobile and doso from the Spanish "endoso", endorsement), is the M-Pesa for Latin America.
Mdoso is about branchless banking, using national networks of mobile phone airtime resellers in Latin America to pay in or receive cash. All that is required is a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.
Mdoso addresses real problems of large groups of the population in Latin America: More poor people have access to mobile phones than toilets. As seen from the phenomenal uptake of M-Pesa in a number of African countries, using airtime on people's phones as a bank account is the gateway to financial inclusion for the masses who do not have access to formal banking.