The fact is that a sustained approach to enabling true financial inclusion requires more than a few disparate, opportunistic services – however successful. And to ensure all the pieces of the puzzle come together in the way they need to, the mobile network operators need input from other players – including the banks. The right regulation needs to be in place if mobile banking and payments services are to be really safe for consumers. The banks have the expertise, the robustness and the willingness to cope with the rigours of regulation. When it comes to safety, security and reliability, the banks have by far the best pedigree. The banks also have the fail-safe, scalable technology platforms to cope with the payments processing demand that the availability of wide-scale mobile banking services in the developing world would create.
Full article: http://www.triplepundit.com/2011/05/mobile-banking/