Cell-phone banking offers financial help to Third World

Title: Cell-phone banking offers financial help to Third World
Author: Steve Mollman
Source: CNN.com
Publisher: Cable News Network
Date (published): 15/01/2010
Date (accessed): 18/01/2010
Type of information: article
Language: English
On-line access: yes (HTML)
Abstract:
Imagine your life if you had no access to banks, ATMs, credit cards, or savings and checking accounts -- just cash that you needed to hide or carry around. It would be hard to save, plan, get ahead, take chances, or feel secure.

For billions of poor people in the developing world, that's how life has always been -- and it's a big reason why many have remained poor. And because they're poor, banks steer clear of them.

Enter the cell phone.

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