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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old Aug 6, 2008, 07:34 PM   #1
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Banking by phone for the poor

NEW DELHI - It can scale mountains in a single bound and wend its way down the most wretched roads. It is the mighty cell phone signal — and the latest hope for bringing financial services to the world's masses who don't have access to banks.

Grameen Solutions, an affiliate of Nobel Prize winner Muhammad Yunus' Grameen Bank, this week teamed with Obopay Inc., a for-profit mobile payment company based in California, to bring banking to a billion poor people using cell phones.
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