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 <title>Call for New Regulatory Framework to Allow Greater Access to Financial Services Via Mobile Phones in Developing Countries</title>
 <link>http://www.cellphoneobserver.com/992259_nokia_call_new_regulatory_framework_allow_greater_access_financial_services_mobile_phones_dev</link>
 <description>&lt;p&gt;ESPOO, Finland, July 4/PRNewswire-FirstCall/ -- A new regulatory framework is needed to encourage financial transactions by mobile phones and transform access to financial services in developing countries, claims a new policy report &#039;The Transformational Potential of M-Transactions&#039;, published today (4 July 2007) by Vodafone in partnership with Nokia (NYSE: NOK) and Nokia Siemens Network.&lt;/p&gt;
&lt;p&gt;The report, Vodafone&#039;s sixth policy paper, of which three focus on the social impact of mobile phones, details new, independent research by leading economists from Frontier Economics and Groupe d&#039;Economie Mondiale as well as consultants to the World Bank.&lt;/p&gt;
&lt;p&gt;The suggested changes will have wide spread impact on both the economic development of countries and the financial security of millions of people currently without access to banking services. &lt;span class=&#039;read-more&#039;&gt;&lt;a href=&quot;http://www.cellphoneobserver.com/992259_nokia_call_new_regulatory_framework_allow_greater_access_financial_services_mobile_phones_dev&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;raquo;&amp;nbsp;read&amp;nbsp;more&amp;nbsp;&amp;raquo;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;
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 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/developing_countries">Developing Countries</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/financial_transactions">financial transactions</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/mobile_transactions">Mobile transactions</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/nokia">Nokia</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/regulation">Regulation</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/siemens">Siemens</category>
 <category domain="http://www.cellphoneobserver.com/cell_phone_observer_topics/vodafone">Vodafone</category>
 <pubDate>Wed, 04 Jul 2007 15:01:33 +0000</pubDate>
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