Thursday, 15 July 2010

Unbanked masses?

Just days after I published a story about True Money which included a quote about how Thailand did not need e-money as, unlke many African countries, we do not have unbanked masses with no access to ATM machines...

Remittance is not a big market in Thailand. Unlike other countries such as the Philippines or Kenya, banks are everywhere and most people have bank accounts.
"We talked to the GSM Association about this. In Kenya, they do not have the financial infrastructure and remittances are sent to relatives upcountry via trusted bus drivers. Now Kenya has implemented mobile transfers, which are more reliable and charges less," he said.
Less than a week later I receive a press invitation from the very same person entitled, "Mobile for [the] Unbanked".

Hmm... do make up your mind.

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