Mobile phone services only limited by imagination

20/10/2011

<p style="text-align: justify;">Pacific Periscope’s coverage of new mobile money transfer services between New Zealand, Fiji and the Pacific Islands reported in the past two weeks has drawn an interesting response from information and communication technology professionals across the region, who have been keen to share on other services that are being rolled out, through Pacific Periscope.<!--more--></p>
<p style="text-align: justify;">Mobile phone technology seemingly can achieve a number of everyday financial tasks, saving both time and money. Their potential seems restricted only by the imagination and possibly regulation. In fact, mobile technologies are being increasingly looked upon as tools for poverty alleviation in the developing world.</p>
<p style="text-align: justify;">Back to the islands, our neck of the woods: In Vanuatu, the National Bank of Vanuatu and mobile services provider Digicel have set up a system called e-wallet, that facilitates money transfers that people can encash at convenient locations throughout the islands.</p>
<p style="text-align: justify;">In Fiji, Vodafone has partnered with the Life Insurance Corporation of India to make it possible for policyholders to pay their premiums using their mobile phone credit. The Indian insurance giant, which has been operating in Fiji for more than four decades, offers a micro-insurance scheme for as little as $2 a week – which can be paid with mobile credit.</p>
<p style="text-align: justify;">Experimentation with mobile technologies in the non-financial sector continues unabated, with countries like India in the forefront of mobile medicine.</p>
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<p style="text-align: justify;">Photo / Michael Faes</p>
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