Mobile phone: Weapon against global poverty

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  • Affordable mobile phone access has caused a quantum leap for the world’s poor
  • From 2005 to 2010, cell phone use tripled in the developing world to 4 billion subscriptions
  • In Kenya, mobile phone banking services are used to make $1 billion transactions a month
  • Economist: “The cell phone is the single most transformative technology for development”

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