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Money on the move
"There is no denying that today the mobile is more accessible than portable water or education in many parts of the country.
While this is also cause to lament how technology has taken precedence over other essentials in life, one company decided to
use it to advantage. Foreseeing the future for mobile money, Bharti Telesoft came up with the concept of Mobiquity or the mobile
money solution'." - Hindu Business Line, India
Banking On Mobile
  "A global association of mobile operators announced Monday the launch of a pilot program, in co-operation with MasterCard, to allow the world's 200 million migrant workers, many of whom do not have bank accounts, to send money to their dependents via mobile phones. The global money transfer pilot, which has the involvement of 19 mobile operators with networks in over 100 countries, representing over 600 million customers, was unveiled at 3GSM, an annual industry trade fair in Barcelona that is expected to attract some 60,000 visitors this year." - Red Herring The Business Technology
The future of money: A cash call
  "Mobile phones are becoming an increasingly popular way to make all sorts of payments. In America fans of the Atlanta Hawks have been testing specially adapted Nokia handsets linked to their Visa cards to enter their local stadium and to buy refreshments. Elsewhere schemes are more advanced." - Economist.com
Telecom TV
  The GSM Association and Western Union announced an agreement to facilitate the development of cross-border mobile money transfer services. Western Union and the GSMA say they are developing a commercial and technical framework that mobile operators can use to deploy services that enable consumers to send and receive low-denomination, high frequency money transfers using their mobile phones. The first commercial services that make use of the framework are anticipated to be
rolled-out beginning in the second quarter of 2008. Link
The Transformational Potential of
  M-Transactions Vodafone
  Mobile Payment Systems and Services
Mahil Carr, IDRBT, Hyderabad
  Regulating Transformational Branchless Banking: Payment News
Programme Sponsored by Institute for Development and Research in Banking Technology (IDRBT) & Rural Technology and Business Incubator (RTBI), IIT Madras
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