Telenor Pakistan acquired stake in Tameer Micro Finance Bank to introduce the country’s first branchless banking in 2009. Analysts raised eyebrow when China Mobile threw US$5.8 billion for 20% of Shanghai Pudong Development Bank in 2010. SPDP now offers Corporate Mobile Banking Services. It will be, however, grossly inappropriate if the Philippines and Kenya are not credited as the global pioneers of mobile banking.