Slashdot Mirror
Cellphone Banking Helping To Fight Poverty In India
An anonymous reader writes "Technology Review is running an in-depth story about the way cellphone banking is transforming the lives of many poor people in India. By enabling users 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."
This mcheck service is super secure. From their FAQ:
Who else will get my Credit Card information?
mChek will NEVER disclose your Credit Card information to anybody, including to you.
(Emphasis mine)
... in India, they still have banks!!! They're RICH!!!