I mentioned in my last post that mobile is bridging the digital—not to mention analog— divide in India, with almost half as many new mobile accounts being opened just last January as there are Internet users in the entire country. And there are a host of interesting companies seeking to leverage that network as some kind of rudimentary, literally “dial-up,” Internet that extends far beyond the country’s 50 million or so Web users. One of the most ambitious companies I met with during my last trip to India in November was Eko, a mobile banking company. There are a few SMS-based bank applications in India, but Eko differs because the phone isn’t just another channel for the account—it is the account.

Original Source of Eko: Mobile Banking for India’s “Dial-Up” Internet