Mobile ATMs for Developing Countries
Few people use ATM or credit cards in developing countries such as Sri Lanka given that they do not have sufficient income levels and/or the fact that few ATMs are available in rural areas. The project will provide basic ATM services to people who have mobile phones, especially in rural areas. With the proposed solution people can withdraw money from a Mobile-ATM (M-ATM) without going to a traditional ATM machine. The M-ATM system uses cheap mobiles phones, functioning as payment terminals.
Partners:
KTH Royal Institute of Technology
Contact person:
Sead Muftic
Funding:
SEK 800.000
Project Duration:
September, 2007 - December, 2009

