Bill Gates grant to extend mobile banking to poor

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Microsoft founder Bill Gates has agreed to help fund a massive rollout of projects enabling poor mobile phone users to transfer money using their handsets, an industry body announced Tuesday.

The GSM Association, which represents 750 mobile phone networks in the world, said a grant of 12.5 million dollars (9.8 million euros) from the Bill and Melinda Gates Foundation would help fund 20 initiatives in Asia, Africa and South America.

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View Full Article: Yahoo News
 
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