Mobile Money Transfer is positioned to exercise considerable transformational effect on developing economies, a crucial factor for wider world economic growth. Mobile Money also enables financial services and money transfers - often initiated by urban and international immigrants - to reach poor people in rural areas. Mobile remittance services will form the first commercially viable and sustainable opportunity to reach the unbanked with low cost, no-frills financial services.
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Claims to the contrary are based on a misreading of data and a fundamental lack of knowledge about the retail sector.

London - The claim that last year’s 2.5 percentage point cut in the VAT rate has helped boost retail sales is both highly misleading and completely inaccurate, says Verdict Consulting. The assertion that VAT had improved retail fortunes was made earlier this week by the consultancy CEBR (Centre for Economics and Business Research). Having reviewed the data on which the assertions were made Verdict has found several fundamental errors in the analysis and using its own data found that some of the points made are simply inaccurate.

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