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Cellphone Banking Pulling Indians Out of Poverty 1

Submitted by Anonymous Coward
An anonymous reader writes "Technology Review is running a in-depth article about the way cellphone banking is transforming the lives of many poor people in India. By enabling them to manage a legitimate bank account and finance micro-loans, cellphones are a major force of social and economic change. It's perhaps not surprising given that, despite widespread poverty, India has the world's fastest-growing cellphone market and the second largest number of cellphone users (after China). The article mentions one Indian start-up — mChek that is thriving as a result. There's also an excellent video report."
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Cellphone Banking Pulling Indians Out of Poverty

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