00:01, 26 August 2008 Page views 387 views

Cellphone Banking to Reach Rural Mongolia

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Up to 300,000 Mongolians will be reached by a new cellphone banking service to be launched by Mongolian microfinance firm XacBank. The Consultative Group to Assist the Poor (CGAP ), a Washington, DC-based microfinance body, is supporting XacBank with technical assistance and funding.

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