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Cell-phone banking offers financial help to Third World

 
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ChrisDeHerrera
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Joined: 01 Feb 2000
Posts: 7007
Location: Los Angeles, CA, USA
PostPosted: Fri Jan 15, 2010 1:20 pm    Post subject: Cell-phone banking offers financial help to Third World Reply with quote

Cell-phone banking offers financial help to Third World


Imagine your life if you had no access to banks, ATMs, credit cards, or savings and checking accounts -- just cash that you needed to hide or carry around. It would be hard to save, plan, get ahead, take chances, or feel secure.

For billions of poor people in the developing world, that's how life has always been -- and it's a big reason why many have remained poor. And because they're poor, banks steer clear of them.

Enter the cell phone. (Source: Steve Mollman, CNN)


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