Monday, October 30, 2006

Cellular Banking: Cellphones Take Over for Banking in Certain Countries

About half a million South Africans now use their mobile phones as a bank. Apparently, while most South Africans do not have traditional bank accounts, most do have mobile phones.

If this technology continues to spread, it could change the way banking is done in certain countries (namely, most of Africa).

Cellular banking could become the norm.

read more digg story

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