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Submitted by Balu on

Interesting...

What would drive the mobile adoption is convenience. Much like some of the countries leapfrogged from less land lines to excessive mobile phones in a decade or so, it is quite likely that some countries would see similar revolution in terms of mobile banking - they would leapfrog from not much banking convenience to very convenient mobile banking.. Those countries have the advantage of 'having no legacy systems' and thankfully, the technology costs are coming down making this revolution possible. That is a good trend – with bulk of the population having access to mobile phones and smart phones becoming more affordable, mobile based banking and financial access is the way to go….