This is interesting and follows what is also true in other areas…….if you do not have to “un-do” something in order to “re-do” or “do-new” then there is a faster result unhampered by remnants of the old. Small business and entrepreneurs in any country have the advantage with this truism.
Excerpt……….Counterintuitive as it may seem, poor countries may be ahead of rich countries in mobile banking.
The story of one such innovation, NPCI’s Inter-Bank Mobile Payment Service (IMPS), shows how far ahead India is with this technology.
Read full article…….via Developing Countries Are Revolutionizing Mobile Banking – Vijay Govindarajan – Harvard Business Review.
