Mobile banking closes poverty gap
Mobile banking has transformed the way people in the developing world transfer money and now it is poised to offer more sophisticated banking services which could make a real difference to people's lives.Currently 2.7bn people living in the developing world do not have access to any sort of financial service. At the same time 1bn people throughout Africa, Latin America and Asia own a mobile phone.
As a result, mobile money services are springing up all over the developing world. According to mobile industry group the GSMA there are now 65 mobile money systems operating around the globe, with a further 82 about to be launched.
Most offer basic services such as money transfers, which are incredibly important for migrant workers who need to send cash back to their families.
M-Pesa in Kenya is perhaps the most famous of these and it has attracted 9.4 million Kenyans in just under three years. More...
05-28-2010 16:07
Apple patent case 'could affect all android phones'
Apple's legal action against HTC may have "wider implications" for all phone makers using Google's Android operating system, an analyst has warned.Ian Fogg of Forrester Research said that the case against HTC, in which Apple alleges infringement of 20 of its patents, could be the first of many.
Although Apple has not named Google in the suits, many of the named patents relate to operating system processes.
Google has taken the unusual step of publically supporting HTC in the case. More...
03-03-2010 11:58
AT&T, Verizon and Sprint 4G: Not so fast
NEW YORK (CNNMoney.com) -- Despite claims from mobile phone carriers, the next generation of mobile technology, or 4G, will only be slightly faster than current 3G speeds, at least initially.Massive costs, soaring consumer demand for data and the logistical nightmare of setting up tens of thousands of new cell sites will prevent 4G technology from reaching its promised speeds for years, according to carriers and wireless experts. More...
02-24-2010 11:11
Current Focus
Latest News
- California's online voter registration plan on hold
- Google boss Eric Schmidt warns on social use of media
- Oracle sues Google over Android
- FCC stops closed-door Internet policy meetings as Google, Verizon strike side deal
- Snapshot of global internet speeds revealed
- China renews Google license, ending standoff
- U.S. aims to detect cyber infrastructure attacks: report
- Hackers target Microsoft Windows XP support system
- FCC to toughen internet rules
- Supreme Court rules on employer monitoring of cellphone, computer conversations