SMS-based microfinance system unveiled
Finextra is reporting that a new system that claims to let microfinance institutions run their entire operations via mobile phones and a single laptop has been unveiled.
The FrontlineSMS:Credit system combines SMS-aggregating software and mobile commerce offerings to let MFIs deliver and track loans via handsets.
It is based on FrontlineSMS - free, open source software that turns a laptop and mobile phone into a central communications hub. Once installed, the program taps the GSM wireless telephone network to enable users to send and receive text messages with groups of people through mobile phones.
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