[D] Mobile Banking on the Increase in Developing Countries

LET'S UNLOCK WORDS AND PHRASES 🔐

government

[ ˈguhv-ern-muhnt ]

noun

- the people who rule a country is needed

The government is expected to announce its tax proposals today.

operator

[ ˈop-uh-ˌrey-ter ]

noun

- a company that does a particular type of business

The operator fixed the network issues, and now the phone signal is much stronger.

authorized

[ ˈaw-thuh-ˌrahyzd ]

adjective

- official, allowed

Only authorized staff can enter the secure area of the building.

mobile banking

noun

- the act of sending, receiving, or managing money using a mobile phone

Young users are the most frequent users of mobile banking technology.

underdeveloped country

noun

- a country that is less developed economically than most others, with little industry and little money spent on education or health care

She lives in an underdeveloped country where there are not many banks.

LET'S READ! 📖

Direction: Read the passage aloud. Then, read it silently.

TRE_Mobile Banking on the Increase in Developing Countries

COMPREHENSION CHECK 🧠 A. Direction: Choose the correct answer to the following questions.

COMPREHENSION CHECK

Why has mobile banking become popular in underdeveloped countries?
a. Most people in these countries have bank accounts.
b. Mobile phones are cheaper than bank accounts.
c. Few people have access to banks, but many have mobile phones.
d. People prefer using mobile phones over banks for convenience.
What is one of the most challenging aspects of 2. Which company has over 20 million mobile banking customers in Kenya and Tanzania?
a. Orange
b. Vodaphone
c. Telenor
d. Sprint
In which country do hospitals send money to women for bus fares?
a. Afghanistan
b. Kenya
c. Pakistan
d. Tanzania
How much of a percentage does Telenor charge for money transfers in Pakistan?
a. 5%
b. 10%
c. 3%
d. 8%
What is the expected number of mobile banking customers in underdeveloped countries by 2015?
a. 60 million
b. 600 million
c. 100 million
d. 1 billion

B. Direction: Answer the following questions based on the article.

Where do people in underdeveloped countries withdraw money sent through mobile banking?
What percentage of people in South America have mobile phones and bank accounts?
How are policemen in Afghanistan paid?
Since when has Telenor been offering mobile banking in Pakistan?
Which region is expected to have the most mobile banking customers?

C. Direction: Match the words in column A with their synonyms in column B.