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Friday 30 October 2009

Mobiles and Bank Loans

Mobiles are not only for Payments and Remittances. Bank Loans are also a part of a growing range of banking applications that are becoming available on Mobile phones.
FrontlineSMS:Credit is aiming to make every formal financial service available to the entrepreneurial poor in 160 characters or less. By interconnecting the functionality of FrontlineSMS with local mobile payment systems, implementing institutions will be able to provide a full range of customizable services, from savings and credit to insurance and payroll.

Watch Ben Lyon, Executive Director of FrontlineSMS:Credit speaking at the Africa Gathering conference in London recently on just this issue.

Ben Lyon from Africa Gathering on Vimeo.