Two stories from BBC News discuss mobile banking for the poor.
Developing world's text bank plan (13 Feb 209) describes a three-year project which "allows people to transfer money via text messages without the need for banks." This will make a difference: "People who are too poor to use traditional banks, or who live too remotely, could use the service to save and transfer money between themselves as well as receiving money sent from family members in other countries."
An announcement from the Bill & Melinda Gates Foundation is discussed in Help for poor to access banking (20 Feb 2009). "It is thought that more than a billion people worldwide do not have a bank account but do have a mobile phone." By working with the mobile phone industry, the foundation aims to help people "manage life's risks and build financial security".
Developing world's text bank plan (13 Feb 209) describes a three-year project which "allows people to transfer money via text messages without the need for banks." This will make a difference: "People who are too poor to use traditional banks, or who live too remotely, could use the service to save and transfer money between themselves as well as receiving money sent from family members in other countries."
An announcement from the Bill & Melinda Gates Foundation is discussed in Help for poor to access banking (20 Feb 2009). "It is thought that more than a billion people worldwide do not have a bank account but do have a mobile phone." By working with the mobile phone industry, the foundation aims to help people "manage life's risks and build financial security".
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