India is the fastest-growing mobile communications market in the world. The rural poor are rapidly adopting phones, so the technology could become a platform for providing banking services. Sanjay Swamy, CEO of the mobile-payment platform mChek, talks about the potential.
Mohanjit Jolly, executive director of Draper Fisher Jurvetson, in India, describes how the country’s rural poor could improve their lives thanks to credit and banking services obtained via increasingly cheap mobile-phone services.
Massachusetts Institute of Technology