If you want to launch mobile internet business, there is lots of opportunities in developing countries. Quess what country leads mobile banking? It's Kenya. So

If you want to launch mobile internet business, there is lots of opportunities in developing countries. Quess what country leads mobile banking? It's Kenya. Something like 60% of Kenyans have made mobile money transfer. Money transfer via mobile phones has expanded to 16 percent of the total population in sub-Saharan Africa in just few years. Most of the third world people will never get landlines for the last mile, they just skip the whole step and turn wireless. Mobile business in developing countries is just going crazy. Threre has been huge revolution in just few years and it's currently ongoing. I predict that cheap below $100 smartphones will turn the life of hunreads of millions people around in less than five years. They have less money, but they already use mobile phones more innovatively than we do. The main difference in comparision to developing countries seems to be that mobile internet will provide much bigger productivity boost for developing countries than it will do for us. New iPhone app in U.S is nice but it will not turn your life prospects around. Lacking infrastructure (like roads that work in rain season) makes the ability to use mobile Internet more important.