Rolling out mobile banking in Libya: timing is everything - Mobile World Live

Rolling out mobile banking in Libya: timing is everything

31 MAR 2011

On the 14 February 2011, More Magic and Nokia Siemens Networks announced a collaboration to offer mobile commerce and financial services. (Read here). The new partners describe the advantages of the solution and the big opportunity that they see in this space. The press release also announces that the solution would be rolled out in Libya and would be running for an initial period of four months on both network operators.On 15 February a few hundred protesters gathered in front of the police headquarters in Benghazi. The situation soon escalated into a conflict zone that made headlines as parties started fighting for control of the country. Many foreigners left the country as the situation slipped into major unrest area. It is not clear what the status of the mobile payment project is at this time.The press release could not have come at a worse time. One should possible consider to make press releases about events that have been concluded successfully, rather than intended actions that could be impacted by events that we do not have any control over.

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