Wednesday, December 29, 2010

Mobile Innovation? Look to India

Tom Friedman had a great article a few weeks ago asking: “What if we are only at the beginning of the technical revolution?”

(no link, sorry)

The examples were of innovation in mobile banking in India.

Only 20-30 million Indians have Internet access, but there are 20 million new cell phone activations EACH month.

You see people dressed in rags…holding a mobile phone.

While there are certainly barriers to innovation (corruption being one of them), I’m going to keep an eye on the types of services that evolve there.

It’s one area where they could possibly lead the world.

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