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Author Topic: NY Times: Mobile Banking in the Emerging World  (Read 856 times)
Stephen Gornick
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December 02, 2010, 05:04:51 PM

“Because so much of the world is under-banked, consumers want these services very much,” Mr. Mattatia said.

In Pakistan:
The service, called Easypaisa (100 paisa equal a Pakistani rupee), now has 500,000 active users who sent transactions worth a combined 5.5 billion rupees, or $64.1 million, in the first quarter of this year.

Most were domestic money transfers, which are limited to $120 a transfer. Telenor exacts a fee of as much as 5 percent of the transaction.

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