Call for New Regulatory Framework to Allow Greater Access to Financial Services Via Mobile Phones in Developing Countries

4 July 2007, 01:01am ET
ESPOO, Finland, July 4, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
A new regulatory framework is needed to encourage financial transactions by mobile phones and transform access to financial services in developing countries, claims a new policy report 'The Transformational Potential of M-Transactions', published today (4 July 2007) by Vodafone in partnership with Nokia (NYSE:NOK) and Nokia Siemens Network.
The report, Vodafone's sixth policy paper, of which three focus on the social impact of mobile phones, details new, independent research by leading economists from Frontier Economics and Groupe d'Economie Mondiale as well as consultants to the World Bank. [Read more]