There are four billion phones, and only one billion bank accounts. Our view is you have to have a way for both the banked and the unbanked to participate in the mobile payment system.The $70 Million Obopay Deal Is More About The UnBanked Than The Banked
For the US-centric skepticism towards the new banking by the mobile phone, this was a healthy and straight-forward response. The Majority World BOP Market = Target! Spot on.
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