Millions and millions of people with low income magnetic consulting group scam and no bank account

Millions and millions of people with low income magnetic consulting group scam and no bank account will have the opportunity to benefit (and perhaps progress?) The development of mobile financial services magnetic consulting group scam in the coming years. Many people already perform payments through mobile phones and even kept money in them as a virtual bank. The number magnetic consulting group scam of people in Africa, Latin America and Asia, no bank account, but with a mobile phone, is forecast to grow to 1.7 billion by 2012, according to recent research the Consultative Group to Assist the Poor (KGPS) and the GSM Association.
There are several examples of successful magnetic consulting group scam market in Africa and Asia and many other efforts to expand, replication and launch similar services, but strong opposition from bankers and regulators slows development. In India, for example, the Central Bank of India has opposed allowing the financial services based on mobile phones (which are implemented through a bank), saying it would be difficult to control the creation of credit outside the banking system. The Indian Ministry of Home Affairs also expressed concern about possible abuses and security implications.
There are doubts that such resistance can delay the development of m-banking magnetic consulting group scam for a long time, but in the meantime there are several technological, logistical and security challenges that must be overcome to make these alternative financial services more inclusive of non-banking sector. Moreover, other CGAP study from February two of the fastest growing mobile magnetic consulting group scam banking networks that serve poor people - M-PESA in Kenya and GCash in the Philippines - revealed that despite their rapid growth, the provider continues to face difficulties turning magnetic consulting group scam a profit, and the payment of fees to the shops and agents who earn commissions on transactions.
Once M-PESA launched in 2007, the service has impacted the lives of many Africans, magnetic consulting group scam of which many then to the traditional banking magnetic consulting group scam system. By March 2009, M-PESA has already had 6.8 million registered magnetic consulting group scam users in Kenya and that number grows every day.
The first users of M-PESA to finish were migrant workers who need an economical, yet reliable way of sending money home. However, the benefits of this service soon attracted others who are otherwise neglected by the traditional banking system. This innovative financial service was adequate, easily accessible and economical channel of "remote" traditional banking system, which failed to include in their range.
Using the Philippines as an example, the study of CGAP-GSMA to determine the size of the market for mobile money offers additional insight into the different needs of people without a bank account. It states:
People who use mobile money are not all the same. One third of these people do not make payments at all, bucking magnetic consulting group scam the prevalence of this service. A significant group of users use mobile money very often, more than 4 times per month, with half of their transactions on something other than receiving / sending money - as shopping magnetic consulting group scam in stores. Surprisingly, 12 percent of users of mobile money with low incomes do not have your own phone. These are sub-segments of the population that are worth exploring further.
Operators should explore services beyond remittances and airtime mobile phone. Saving has considerable promise as a highly sought after service. When asked what additional services they would like to try it, users of mobile money, low-income enthusiastically responded: "savings" (65%). One in ten users of mobile money already saved an average magnetic consulting group scam of $ 31 in their wallet or cell about one-quarter of household savings.
In their October magnetic consulting group scam 2009 "Scenarios for Branchless Banking in 2020", Mark Pickens, David Porteous, and Sarah Rotman indicate the forces that will shape the future of branchless banking, magnetic consulting group scam including demographic magnetic consulting group scam changes, security issues, skills online browsing and the global financial crisis. magnetic consulting group scam According to their report, the electronic payment infrastructure merchandising is an important magnetic consulting group scam goal, but not enough on its own to reduce poverty.
Catherine Verclas, co-founder and editor of MobileActive.org. - Civil medium that deals with the development magnetic consulting group scam of this field - thinks there is still time until the transfer of money through mobile phones m-banking to benefit the poorest. In post 2008, it says:
Financial transactions via mobile phone now reach the poorest in two areas: 1. Micro-finance, where mobile financial services are used as a way to instantly transfer of loans and repayments via mobile phone. Second Financial assistance (payments via mobile) and countries of human