Mobile Banking in the Third World

How do these folks bank?

• 
• Mobile banking?
• Internet banking?
• ATM/point of purchase banking
• Branch banking?

OK…ha ha.  But there is a point…as our banking system is duplicated in other countries, what assumptions about US banking are relevant, and what notions should be dropped?

I believe that mobile banking is the way of the future.  Already, mobile banking is the preferred mode of banking for new customers in India and China.

The Indian experiment

India is a developing country, but it is one that is rapidly adding to its currency reserves.  India remains a country with too much of its population living in villages.  The village in India is a bit like the family farm in (more…)