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Submitted by Rogers Kasaija on

Wow, very insightful. The part that is most convincing is the concept of how secure one is in carrying cash around. For those who live in countries where it is safe to carry cash around, there is limited need for mobile Banking. For those who live in countries where it is risky to carry cash, there is no better option than mobile banking.
In such countries, I believe the level of transactions over the phone would even out compete the transactions over bank counters, mainly because people would naturally feel more secure having cash in easily accessible mobile phone lines than corrupt banking officials.
Interesting research and line of thought indeed. It all boils down to one thing: Mode of transaction choice is highly dependent on security perception.