ARTICLE: “A bank in every pocket? Banking on mobile phones holds promise, provided regulators are willing to be flexible,” The Economist, 17 November 2007, p. 18.
Another example of why it will end up being one-cellphone-per-child.
What is weird with this generational leapfrogging is that using cells for banking in the Gap may actually end up accelerating such use in the Core, which otherwise might have been held up for cultural/security/complexity/regulatory reasons.
Sometimes the 2 Sigma route redefines the 6 Sigma possibilities.
Good NC→NRs example: The Filipinos are the operational leaders on this.
Comments (2)
I'd have to concur. My wife can text me credit for my pre-paid cell phone even when she's 12000 miles away. In my experience, overseas cell service, while not always as ubiquitous as in most US cities, is far more innovative and flexible.
Posted by Alistair | December 20, 2007 1:49 PM
I predict that Cell Phones will be the basis for computer use in Africa. The Iphone operates at the level of a 1995 laptop. All of this "hoo-haa" about providing computers for the poor children is a waste of time. Built in memory, internet, etc. Add a plug-in standard keyboard and screen for home use, and "away we go!"
Posted by William Millan | December 20, 2007 8:46 PM