Trends & Innovations - Thursday (Investor’s Business Daily)
February 19, 2009
Investor's Business Daily - The spread of cell phones in emerging markets like Africa may help more people get savings accounts. One effort to encourage so-called "microsavings" recently received a $12.5 mil grant from the Bill and Melinda Gates Foundation. Many poor people in rural regions don't have bank accounts because it's not worth the long trip to a town to deposit money. A cell phone could become a way of recording a bank balance, with the phone number serving as an account number. ...No tag for this post.
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