The Cell Phone Connection: Financial Services for the Unbanked
It can scale mountains in a single bound and wend its way down the most wretched roads. It is the mighty cell phone signal — and the latest hope for bringing financial services to the world’s masses who don’t have access to banks. Grameen Solutions, an affiliate of Nobel Prize winner Muhammad Yunus’ Grameen Bank, this week teamed with Obopay, a for-profit mobile payment company based in California, to bring banking to a billion poor people using cell phones.
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The Cell Phone Connection: Financial Services for the Unbanked
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