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My understanding is that the mobile banking services being discussed provide an account, like a paypal account, that can be used to accumulate funds - and pay y
by _rpd 12y ago
My understanding is that the mobile banking services being discussed provide an account, like a paypal account, that can be used to accumulate funds - and pay your phone bill. In some local marketplaces, it is virtually required to participate - lack of a phone is a barrier to entry. It doesn't address the culture, but empowers those trying to cause change - like women who want to earn money in the marketplace.
- monksy 12y agoThat would make sense for the advocation of more mobiles. However, my concern is about "toping up" accounts. (Converting physical currency to the electronic) I still see a larger need for a bank account.