Mobile transforming the developing world, leaving the developed world to catch u…

By | May 19, 2012
Mobile transforming the developing world, leaving the developed world to catch up
Putting some numbers to the game

The stuffed-shirt financial industry has been dragging their coats in getting up to speed with mobile access to enable banking transactions, at least in the 'developed' world. It is a pain and irritating fact for a tech-savvy customer. But even worse, it shows just how far behind the 'developed' world is compared to the 'developing' world in this aspect. I do wish that some of the more usable aspects of these African (and Indian!) solutions work their way into our mobile solutions, as they would make life a whole lot simpler, and rocket the financial industry into the future.

/via +Kaj Sotala

Reshared post from +Alexander Kruel

"MANY people know that “mobile money”—financial transactions on mobile phones—has taken off in Africa. How far it has gone, though, still comes as a bit of a shock. Three-quarters of the countries that use mobile money most frequently are in Africa, and mobile banking in some of them has reached extraordinary levels."

Press 1 for modernity
MANY people know that “mobile money”—financial transactions on mobile phones—has taken off in Africa. How far it has gone, though, still comes as a bit of a shock.

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