Comments on: M-pressive prospects http://globaltechforum.wordpress.com/2007/07/10/m-pressive-prospects/ Digital business strategies Sat, 05 Jul 2008 08:27:40 +0000 http://wordpress.org/?v=MU By: Upendra http://globaltechforum.wordpress.com/2007/07/10/m-pressive-prospects/#comment-6736 Upendra Mon, 29 Oct 2007 17:15:04 +0000 http://globaltechforum.wordpress.com/2007/07/10/m-pressive-prospects/#comment-6736 Extremely impressed by the simplicity of the model. Though the mobile is the prime enabler, it must be noted that the banking / financial structure ( or should one say the lack of it) has perhaps fueled the rapid growth. In more evolved economies the challenge has been in creating a more secure and inteoperable framework within the existing banking ecosystem...and thats where the challenge lies Extremely impressed by the simplicity of the model. Though the mobile is the prime enabler, it must be noted that the banking / financial structure ( or should one say the lack of it) has perhaps fueled the rapid growth. In more evolved economies the challenge has been in creating a more secure and inteoperable framework within the existing banking ecosystem…and thats where the challenge lies

]]> By: Anne M. http://globaltechforum.wordpress.com/2007/07/10/m-pressive-prospects/#comment-2051 Anne M. Wed, 11 Jul 2007 13:35:37 +0000 http://globaltechforum.wordpress.com/2007/07/10/m-pressive-prospects/#comment-2051 Banks "they eat your money" is a common phrase heard in South Africa. The inadequacy and relatively high costs of banking effectively disenfranchises the poor. In South Africa, for example, 16m people out of an adult population of 47m don't have bank accounts. If mobile phone companies can change this situation, maybe they should take over from banks in the developing world? Banks “they eat your money” is a common phrase heard in South Africa. The inadequacy and relatively high costs of banking effectively disenfranchises the poor. In South Africa, for example, 16m people out of an adult population of 47m don’t have bank accounts.

If mobile phone companies can change this situation, maybe they should take over from banks in the developing world?

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