I usually do not write about things that I am directly involved with, but I believe that this transaction is extremely important from an industry perspective that my blog would not be complete if I do not say something about it. More than ample news releases can be found on the web and much more capable analysts and industry experts have commented on it.So just to ensure that I do have a placeholder in my blog about this event, I would like to comment on this in the following way:
This is a landmark event in the development of the industry. When the history of mobile banking in emerging markets will be written, this event will be mentioned as one of the defining moments. The effect of this transaction holds positive promise to all involved in the industry. It is an endorsement for using mobile to deliver advanced financial services to the poor and will unlock many of the factors that delay take-up today. This is good news for all.
