NY Times: Mobile Banking in the Emerging World

[Stephen Gornick]

“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.

http://www.nytimes.com/2010/11/29/business/global/29iht-mobilebanks29.html

[Sayeds56]

“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.

http://www.nytimes.com/2010/11/29/business/global/29iht-mobilebanks29.html

Glad to know that our country is gradually moving towards Digital payment method. I am optimistic that days are not far when Digital currencies will be regularized in Pakistan like many European countries. The Educational Institutes should also take imitative to create Blockchain experts in Pakistan.