Economist:Special report on telecoms in emerging markets
The Economist has released a special report on telecoms in emerging markets, such as Africa, India and China. What’s interesting is how mobile money services have mushroomed in the developing world to enable the transfer of funds in a cheaper way than traditional banks:
“Mobile-money services allow these small retailers to act rather like bank branches. They can take your cash, and (by sending a special kind of text message) credit it to your mobile-money account. You can then transfer money (again, via text message) to other registered users, who can withdraw it by visiting their own local corner shops. You can even send money to people who are not registered users; they receive a text message with a code that can be redeemed for cash.” – from The Economist
Read more: The power of mobile money & the special report – ‘Mobile Marvels’ (26th September ‘09)











