By JEREMY MULLINS,
www.phnompenhpost.com
www.phnompenhpost.com
Tuesday, October 19, 2010
An international association of mobile operators has suspended grant payments to fund Cambodia’s largest service provider Mobitel’s money transfer service following regulatory concerns.
In May, the GSM Association (GSMA) announced Mobitel’s parent firm CamGSM had been awarded a grant under its US$5 million Mobile Money for the Unbanked (MMU) program largely backed by the Bill and Melinda Gates Foundation.
Mobitel launched its Cellcard Cash money transfer service in late September.
The amount of money awarded to the provider has yet to be disclosed.
Officials have since said service began without oversight from the National Bank of Cambodia, as mandated in an August prakas.
In May, the GSM Association (GSMA) announced Mobitel’s parent firm CamGSM had been awarded a grant under its US$5 million Mobile Money for the Unbanked (MMU) program largely backed by the Bill and Melinda Gates Foundation.
Mobitel launched its Cellcard Cash money transfer service in late September.
The amount of money awarded to the provider has yet to be disclosed.
Officials have since said service began without oversight from the National Bank of Cambodia, as mandated in an August prakas.
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