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The unbanked in India: Just a mobile phone call away?
August 6, 2008
CNN: It can scale mountains in a single bound and wind its way down the most wretched roads. It is the mighty cell phone signal — and the latest hope for bringing financial services to the world's masses who don't have access to banks. Grameen Solutions, an affiliate of Nobel-Prize winning Muhammad Yunus' Grameen Bank in India, this week teamed with Obopay Inc., a for-profit mobile-payment company based in California, to bring banking to a billion poor people using cell phones.
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