With all the hype around Google Wallet, many people think mobile money will be driven by the U.S. But the biggest growth – and the greatest amount of innovation – is coming from the developing world, in places like Pakistan, India and Bangladesh.

Over half of the world’s population lives without reliable banking institutions, relying instead on cash stuffed under the mattress and the use of informal couriers. In India alone there is an opportunity to add at least 300 million people to the banking system.Read more