Prepaid Services Fuel The Growth Of Cellphone Banking
Moneyweb reports on how First National Bank in South Africa has enabled prepaid electricity, telephone and cellular phone services to people in even the remotest of areas using their mobile phones. "FNB has recognized the huge uptake of cellphones in South Africa, estimated at about 30 million users, and invested heavily over the past two years towards a technology that enables people to transact using any cellphone device on any mobile network."
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