Tuesday, February 5, 2013

8. INVEST IN THE NEXT PAYING MEDIUM: MOBILE PAYMENT


The Next Paying business: Mobile Payment 
 
If you are a retailer looking to diversity payment modes, consider mobile payment. It is a SMS-based payment service that eases up the usual customer-retailer payment transaction and opens any business to a large section of consumers at the lower end of society who don’t have access to usual banking services, but do own a mobile phone for communication. Mobile payment is , at once, a banking, strategic and philanthropic business move.
Bangladesh’s first cellular payment service, BRAC bKash
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