Maldives goes for mobile banking

Copyright: Flickr/NeoAngel

We encourage you to republish this article online and in print, it’s free under our creative commons attribution license, but please follow some simple guidelines:

You have to credit our authors.
You have to credit SciDev.Net — where possible include our logo with a link back to the original article.
You can simply run the first few lines of the article and then add: “Read the full article on SciDev.Net” containing a link back to the original article.
If you want to also take images published in this story you will need to confirm with the original source if you're licensed to use them.
The easiest way to get the article on your site is to embed the code below.

For more information view our media page and republishing guidelines.

The full article is available here as HTML.

Press Ctrl-C to copy

<div class="article-wrap">
<div id="article-introduction">
<h1>Maldives goes for mobile banking</h1>
<h4></h4>
</div>
<br />
<br />

<div id="article-body">
<p><span>The Maldives has launched a groundbreaking system that will enable its citizens to bank using mobile phones.</span></p>
<p><span>The country’s banks have been gathered together under an umbrella system to avoid the need for residents to travel from remote parts of the nation for their banking. The Maldives’ 250 inhabited islands are spread out across the Indian Ocean, meaning it’s not always easy to find a local branch.</span></p>
<p><span>‘M-banking’ will be established with a US$7.7 million loan granted by the World Bank in April this year. </span></p>
<p><span>The system will work via phone calls, as the nation’s mobile network does not support text messaging.</span></p>
<p><span>But concerns have been raised, including whether mobile banking ought to be prioritised over more basic concerns such as health and education.</span></p>
<p><span><a target="_blank" href="http://news.bbc.co.uk/1/hi/world/south_asia/7506656.stm" rel="noopener noreferrer"><span>Link to full article in <em>BBC Online</em></span></a></span></p>

</div>
<div class="quick-links-wrapper">
<h3>You might also like</h3>
[related-articles]
</div>
<p>This article was originally published on <a href="https://www.scidev.net" target="_blank">SciDev.Net</a>. Read the <a href="https://www.scidev.net/global/features/maldives-goes-for-mobile-banking/" target="_blank">original article</a>.</p>
<script type="text/javascript">
(function(e,t,n,r,i,s,o){e["GoogleAnalyticsObject"]=i;e[i]=e[i]||function(){(e[i].q=e[i].q||[]).push(arguments)},e[i].l=1*new Date;s=t.createElement(n),o=t.getElementsByTagName(n)[0];s.async=1;s.src=r;o.parentNode.insertBefore(s,o)})(window,document,"script","//www.google-analytics.com/ga.js","ga");var _gaq=_gaq||[];var _gaq=_gaq||[];_gaq.push(["_setAccount","UA-3223906-8"],["_trackEvent","article interaction","republished","https://www.scidev.net/global/features/maldives-goes-for-mobile-banking/",null,true])
</script>
</div>

The Maldives has launched a groundbreaking system that will enable its citizens to bank using mobile phones.

The country’s banks have been gathered together under an umbrella system to avoid the need for residents to travel from remote parts of the nation for their banking. The Maldives’ 250 inhabited islands are spread out across the Indian Ocean, meaning it’s not always easy to find a local branch.

‘M-banking’ will be established with a US$7.7 million loan granted by the World Bank in April this year.

The system will work via phone calls, as the nation’s mobile network does not support text messaging.

But concerns have been raised, including whether mobile banking ought to be prioritised over more basic concerns such as health and education.

Link to full article in BBC Online