Mobiles+Emerging Markets+Markets=The Future of Finance
In case you still aren’t convinced, have a read of what the Consultative Group to Assist the Poor has to say on the subject:
Banking regulators still don’t get it: The best candidate for making access to finance truly universal in a developing country is the mobile phone.
…Globally, mobile phones will handle $587 billion in financial services by 2011, UK. consulting firm Juniper Research Ltd says. In many developing countries, mobile-phone companies are miles ahead of banks in using technology to cut the cost of processing a transaction. In India, for instance, phone companies have a 100-fold cost advantage…
…Real breakthroughs in financial inclusion may only occur when telecommunications companies lead the effort and regulation promises smooth running.
Why do you think I encouraged my friend JP to go ‘get some experience’ at a phone company? 
Update – a couple interesting links via CGAP:
“The pinstripes chase the poor.”
“Microfinance to provide cheap handsets to poor”
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