Monday, March 16, 2009

Phone banking service launched in Africa, Mideast

Now MTN is planning to offer a fully-fledged bank account on mobile phones called MTN MobileMoney which will allow users to pay for purchases or check balances. A credit card will be optional.

South African mobile phone operator MTN on Monday said it was launching a banking service on mobile phones in 21 African and Middle East countries where access to traditional banks is poor.

http://tech.yahoo.com/news/afp/20090316/tc_afp/safricamideastbankingtelecommobilephone

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