Experts help boost mobile banking in emerging markets
Friday, May 27, 2011 at 1:35PM CHARLOTTESVILLE, Va., May 27, 2011 /PRNewswire-USNewswire/ -- Mobile phone ownership is commonplace all over the world. A ubiquitous symbol of modernity, these communication devices are now a platform for providing financial services to underserved populations.
Darden School of Business Professor Frank Warnock and Batten Institute Fellow Veronica Cacdac Warnock have joined ShoreBank International (SBI) in their efforts to assist two new mobile banking companies achieve the goal of increased access to financial services for those outside the banking mainstream in Bangladesh and Pakistan.
The team, whose participation is funded through SBI's $16.9 million grant from the Bill and Melinda Gates Foundation, will design a structure for evaluating the businesses and their progress toward the goal of financial inclusion for poor and underserved populations in the two countries.
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