Saturday, 23 October 2010

INDIA: Mobile financial services for poor

As mobile penetration increases in India, it’s inevitable that it spreads economic wellbeing. Now that money transfers, payments and banking can take place over the device, financial services are available to anyone with a mobile. Telecom operators, the Reserve Bank of India (RBI), Mobile Payment Forum of India and the Unique Identification Authority of India have taken several initiatives to expand financial inclusion. Read more

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