ReadWriteWeb

A couple of entrepreneurs out of Kerala, India, are re-envisioning the way that banking is done. Anish Achuthan (26) and Rameena Rabeedin (28), have developed a branchless network consisting of low-cost ATMs, Smart Teller Machines, E-POS terminals, and a mobile banking gateway that lets you perform transactions using your cell phone. The end result of their efforts brings modern banking technologies to semi-urban and rural markets where traditional banks are unwilling or unable to set up ATMs.