Mobile phones have experienced astonishingly rapid take-up in low-income countries. For example, the number of GrameenPhone mobile phone subscribers in Bangladesh grew 105% in 2005 and recently surpassed 10 million subscribers. The telephone coverage rate in Bangladesh, however, is still only 12%. Coverage rates and demographics imply that, globally, almost all mobile subscriber growth in … Continue reading mobile financial services for low-income persons
Communications companies seeking to create value should take this innovation seriously.