[Reuters] Mobile carriers facilitate cash transfers

Posted by: UGN Security

[Reuters] Mobile carriers facilitate cash transfers - 02/11/07 07:22 PM

BARCELONA (Reuters) - Mobile communications operators and banks joined forces on Monday to make it easier and cheaper for hundreds of millions of immigrants and migrant workers to send money home by using their mobile phones.





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Posted by: Artic Warrior

Re: [Reuters] Mobile carriers facilitate cash transfers - 02/11/07 09:39 PM

"Out of the 6.5 billion people on the planet, less than one billion have a bank account."

Wow, I thought it would have been more, alot more (bank accounts).
I got that quote from the source.