[LINK] text banking

[stephen at melbpc.org.au]

(UK) 'Technology: Banking by mobile'  Published Date: 15 February 2009 

http://news.scotsman.com/scitech/Technology-Banking-by-mobile.4981977.jp

MOBILE phone technology could soon bring 'branchless banking' to millions 
of the world's poorest people.

The UK Government has announced a system to allow those who cannot use 
traditional banks, either because they are too poor or the nearest branch 
is too far away, to have a remote account that can be managed through 
their mobile phone using text messages.

They would then be able to save, gain access to credit and receive money 
sent from family members in other countries. Fingerprint-recognition 
technology would be used to make transactions secure.

The UK's Department for International Development launched the £1.4m 
project at a meeting of banking and mobile phone experts in London.

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Cheers,
Stephen

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