Bringing Banking to the Poor With Mobile Phones

Posted by:ryzilla 1383 days ago • Discuss • http://blog.mintyit.com

Hurdles remain for wider use of mobile banking. Mobile carriers must have broad enough coverage to connect urban and rural users, as many remittances come from urban migrants sending money back to their family villages. It can also be hard to convince villagers, many of whom are new to the concept of banking, that a virtual bank is safe.

banking       internet banking       mobile