Regulatory reforms urged for Mobile Banking

Posted on July 5, 2007  /  0 Comments

Global telecoms heavyweights say microcredit may provide loan without collaterals but it does not meet the rural people’s total financial needs in the developing countries. Vodafone along with Nokia and Nokia Siemens Networks have urged for telecoms and banking regulatory reforms to encourage fund transfer by mobile phones instead. They believe it will transform access to financial services in countries lacking banking networks. Read more. 

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