Hello all,

This is an interesting development.  It seems that money transfer via
the mobile is being used in the third world.  It may be that the mobile
as an electronic wallet comes there first.

Rich L. 

Safaricom <http://www.safaricom.com/2005/default.asp> , Kenya's biggest
cell phone firm, on Tuesday launched a money transfer service that will
use short message services, which it said was the first of its kind in
the world. Reuters
<http://news.yahoo.com/s/nm/20070306/tc_nm/kenya_safaricom_dc>  reports.
"The product allows its 5.8 million subscribers to use their cell phones
to send money in the east African country where it is commonplace for
one family member working in the city to support a whole family living
in rural areas. ... Kenyans will deposit or access the money through
Safaricom agents like supermarkets or shops situated all over the
country.  Kenya's Minister for Communication, Mutahi Kagwe, highlighted
the opportunity for remote communities: "This will help people in
far-flung parts of the country who have no banking services, now anyone
can have a bank in their pocket."
http://news.yahoo.com/s/nm/20070306/tc_nm/kenya_safaricom_dc
        

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