LIRNEasia is a regional ICT policy and regulation think tank active across the Asia Pacific

The report "A Baseline Survey of ICT and Knowledge Access in Myanmar" is now available in Myanmar Language here.

Grameen and Obopay plan Mobile Banking for developing nations

Mobile payments provider, Obopay has inked a deal with Grameen Solutions to deliver banking services to a billion of the world’s poorest people by 2018. The Grameen-Obopay Bank A Billion Initiative will provide access to affordable financial services, including cross-border remittances, money transfer, payments, savings and credit accounts. Cellular-News reports more.

The Economic Times of India questions: Do we need regulations for these payments or do we need technological standards than operational guidelines?  In case we need regulations and guidelines for mobile payments; we also need regulations for internet and phone banking. The lack of technology standards will give rise to a lot of local and fragmented versions of m-payments offered by different service providers or banking service providers. Standards need to address security and privacy concerns of consumers as well as interoperability between various implementations.

1 Comment to Grameen and Obopay plan Mobile Banking for developing nations

  1. Dan's Gravatar Dan
    October 3, 2008 at 6:49 am | Permalink

    Is it proven to be hacker-safe though? Not mentioned, but it would be definitely a must I think. Please emphasize in future articles or follow ups if possible.

  1. By on July 18, 2013 at 12:35 am


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