In Africa and India mobile phones have developed into a new form of technology , “mobile money” said to be the next thing in economic development. This is where, according to The Economist magazine , funds can be transfered from small store outlets in one village to the receiving outlet across in another village. Enabling banking access across parts of Africa where previously it was difficult to transfer cash.
The first wave was the distribution of mobile phones and network coverage this led to greater efficiencies. Now comes mobile money. What other inovaions can the developing world show us via technology.
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