Synopsis Of Article

Synopsis of Article
Lian Sanchez
University of Phoenix
Research 341
Donald Hamilton
October 9, 11

Synopsis of Article

In this paper I will discuss a research that was conducted with cell tele overtake engineering science and how it empowers even the worlds poorest. This information was released in April of 2010 by America.gov/All Africa Global Media via COMTEX. The fol woefuling was stated 5 billion of the worlds 6.6 billion people hold up winding phones, simply about 1.6 billion have cashbox accounts. Of those, sole(prenominal) 1 billion atomic number 18 fully served by traditional banks, according to Carol Realini, the chief executive incumbent of Obopay, a mobile payments company (Kaufman, 2010). According to COMTEX mobile phones are providing small business owners and others living in rural areas or at the bottom end of the socio- sparing pyramid the ability to communicate instantly and transfer funds to individuals and institutions. The few people that do not own a mobile phone roughly likely have a friend or coitus that has a mobile phone they can use for playing transactions(Kaufman, 2010). Microfinance has shown that the poor are credit worthy and pay prickle loans despite not having assets or working capital.



Microfinance demonstrated how low income men and women are dignified by the opportunity to come a business, build their business and make better economic decisions for their families (Kaufman, 2010). Shainoor Khoja of Afghanistans Roshan cellular service provider highlighted the importance of mobile transactions in her country, where she said there are only 17 banks and 34 automated teller machines, which serve only 3 percent of the world. She also stated that mobile capital could also potentially serve the illiterate in Afghanistan and elsewhere through voice recognition systems and programs that can read text messages out loud (Kaufman, 2010).

In Kenya, where 70 percent of the population relies on agriculture for income, the Syngenta Foundation has been using mobile technology to...If you want to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .