Build your professional network on facebook via our app Go to app
 
 
 

Mobile Technology and Microfinancing

Created by : Pradeep Reddy, Trading Advisor, UBS  | 11 12 2008 06:24:59 +0000
Industry : MicrofinacingFunctional Area : India(Markets)
Keywords : Mobile Technology MICROFINANCING
Activity:  223 views;  last activity : 11 04 2010 16:57:39 +0000
Should mobile technology be used for micro financing in rural areas?
  
Share
 
 
  Rate : 
 
 
Favour Vs Against
4
 
 
 
 
1
3
1
Support   Support
Top Argument
1
0

Why not? If Bangladesh can (refer work of Mohd. Yusuf) why not India. I have a full project report and working to bring the concept in market. It will revolutionize the Rural market
By Sumit Jain, Business Manager, Enterprise/Solutions Architect, Pre-Sales consulting. Program Manager, Independent consultant  05 21 2009 07:59:39 +0000
 
0
0

Please read my posting on 'Money through Mobile' (MTM) for financial inclusion and Microfinance service to people in lower economic strata.

In addition the proposed system can take care of all ssorts of e-money transactions and micropayments online without the involvement of banks.

Given beow is link to the news about my proposal in Business Line of 2nd Nov 2010.  This can be implementd straight away using existing technology as being used for prepaid mobile. If necessary government should set up an exclusive private Mobile Network for this purpose.

The system can be owned by NPCIL under the ambit of RBI, or a consortium of Telecom service providers or by Department of posts in collaboration with BSNL.

The system shall be transparent to Telecom Service Providerrs and regular Banks.

I have given a detailed presentation on this to BSNL Kerala and IEI Trivandrum. Contact me if more details are needed. I would request someone who have some contacts in Finance Minsitry to forward the link to them.

http://www.thehindubusinessline.com/2010/11/02/stories/2010110252550700.htm
By P. Abraham Paul, MD FCOMNET  | 11 04 2010 16:57:39 +0000
0
0
Yes, I think it is a great technique to capture the market. I think this market has large potential to grow when the urban area is becoming crowded with many venture capitalist and banks.
By Pradeep Reddy, Trading Advisor, UBS  | 11 12 2008 06:24:59 +0000
0
0
What I think is that it is not a great technique because if we talk about India, here 60% of the population is living in rural areas and out of which 50% of the people does not have access to mobile phones. Just in order to revel the number it is approx 3million of the population which does not have access to cell phones. And after that we are thinking of selling micro finances through mobile phones, when the product through which we are trying to sell micro finances is itself not reaching the people how would the service of that product will reach?
By Ajit Pahuja, Trading Advisor, ICICI Securities  | 11 12 2008 06:35:50 +0000
Argue for "Favour"
Argue for "Against"
 Found the debate "Mobile Technology and Microfinancing"  interesting ?  Suggest to your connections and communities  
 
Viewers also viewed
we all know the perils of talking on cell phones while driving. besides being hazourdous to...
 
290 referals 2 votes, 36 views
Technology is the mantra of today's progress and development in any sector-Technology is here to...
 
752 referals 9 arguments, 413 views
The One-Laptop-Per-Child was the initial fuel for a future where every corporate have sharpened...
 
307 referals 37 arguments, 832 views
more...  
Recent Knowledge (5)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 97 views
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 482 views
I am associate of prajapati association and i am working for BJP from year 2005 to till date....
 
0 referals 3 arguments, 111 views
more...  
Sponsored Jobs
  • Popular Knowledge
  •  
  •  
  • Popular Jobs
  •