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Bill Gates and the wife declares its commitment to support the growth of mobile banking

San Francisco - Bill Gates and the wife declares its commitment to support the growth of Mobile Banking. They are as much give funds USD12, 5 million.

This donation provided by the Gates Foundation, through which he owned and his wife, The Bill and Melinda Gates Foundation, to the GSM Association. GSM Association of mobile operators that will run the program for the penetration of mobile banking in developing countries, through a program titled Mobile Money for the Unbanked (MMU).

Later on, the GSM Association, will not work alone. In addition menggandeng operators, GSMA will also work with banking institutions, microfinance, governments and other organizations to create a financial service that is affordable and reliable through the cellular network.

"Currently there is as much 1 billion people in developing countries who do not have accounts at the bank but they have a mobile phone. This proves how mobile banking is potential for the mobile industry to been," said GSMA CEO Rob Conway, as quoted by Cellular News, Friday (20/2/2009).

According to Conway, who has been based on research conducted by CGAP microfinance company and McKinsey research company, in the next three years, mobile banking has the potential income to USD5 billion. (srn)



This post first appeared on All My Stuff, please read the originial post: here

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