Will Mobiles Technology Help Developing Nations To Grow?
BANGALORE: Our world has more mobile devices than people and we believe the technology has high potential to transform lives reports TheGuardian.
In the contemporary world, the mobile users are excess than computer users to access internet. The portable devices’ access to the internet is helping to power social and economic mobility all over the world. For instance, in Africa, mobile internet access is to apprehend five-fold in the next five years.
However, the world has witnessed the potential of mobile to provide people with access to financial services, but the huge issue lies in developing countries; many people don’t have access to banks in the first place.
Kenyan company’s M-Pesa is a success story which allows people to transfer cash using their phones and the same model has been adopted in other places as well. A study by the Bill & Melinda Gates Foundation found that countries had more than 70 percent of people can make digital payments see financial inclusion rates of more than 85 percent.
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