http://banktalk.org/2009/12/09/mobile-banking-in-the-third-world/ Exploring the Finances of the Unbanked Thu, 09 Feb 2012 18:02:01 +0000 hourly 1 http://wordpress.org/?v=3.3 http://banktalk.org/2009/12/09/mobile-banking-in-the-third-world/comment-page-1/#comment-513 Andrew Mugred Wed, 09 Dec 2009 20:19:33 +0000 http://banktalk.org/?p=1452#comment-513 I am reasearch student and talking about the developing countries like India ...I wouldsay that in Pakistan Cell phone industry has grown very fast. By June 2006 the number of cell phone users had reached 76.6 million with an astonishing monthly incremental rate of two million new users. The falling cost of handsets is attracting new users particularly from low income group both in urban and rural sector. This indicates that Pakistan is still an unsaturated market for mobile phones and wireless devices and gives ample opportunity to financial institutions to extend their outreach through m-banking. The use of m-banking is transformational. The financial service is linked to the use of phone or any wireless device and is meant for the benefit of persons who do not have a bank account with a conventional bank. The recent launching of "Easy Paisa"(www.easypaisa.com.pk)scheme – a branchless banking product by Tameer Bank (a microfinance bank) in collaboration with Telenor Pakistan is facilitating payment of utility bills and transfer money at all the designated outlets of Telenor. This will substantially add to the mobile banking outreach in developing countries :)) I am reasearch student and talking about the developing countries like India …I wouldsay that in Pakistan Cell phone industry has grown very fast. By June 2006 the number of cell phone users had reached 76.6 million with an astonishing monthly incremental rate of two million new users. The falling cost of handsets is attracting new users particularly from low income group both in urban and rural sector. This indicates that Pakistan is still an unsaturated market for mobile phones and wireless devices and gives ample opportunity to financial institutions to extend their outreach through m-banking.
The use of m-banking is transformational. The financial service is linked to the use of phone or any wireless device and is meant for the benefit of persons who do not have a bank account with a conventional bank. The recent launching of “Easy Paisa”(www.easypaisa.com.pk)scheme – a branchless banking product by Tameer Bank (a microfinance bank) in collaboration with Telenor Pakistan is facilitating payment of utility bills and transfer money at all the designated outlets of Telenor.
This will substantially add to the mobile banking outreach in developing countries )

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