n countries like Afghanistan, traditional banks have long had difficulty providing services to rural regions. While continued development remains the ideal solution, businesses like Afghan Wireless Communication Company (AWCC) have sought out alternatives, the most successful of which, mobile banking, has been a transformative force across the developing world.

1. AWCC Works with Afghan
Finance Ministry for
Biometric MyMoney Salary

2. In countries like Afghanistan, traditional banks
have long had difficulty providing services to
rural regions. While continued development
remains the ideal solution, businesses like
Afghan Wireless Communication Company
(AWCC) have sought out alternatives, the most
successful of which, mobile banking, has been
a transformative force across the developing
world.

3. The company's banking platform, MyMoney,
has already been highly successful in
Afghanistan, providing people with banking
tools backed by biometric security. Now,
AWCC and its partner banks, Maiwand Bank
and New Kabul Bank, are working with the
Afghanistan Ministry of Finance to bring the
government's payroll system into the 21st
century.

4. The Afghan government has previously had
problems providing workers in outlying posts
with their salaries, and MyMoney provides an
excellent solution. The initiative, which
received start-up capital from the U.S. Agency
for International Development, seeks to
undermine corruption and provide greater
economic security via cash alternatives.

5. Moving forward, the Ministry of Finance hopes
to expand the pilot program to the entire
country, thereby spurring the nation toward a
bank-backed economy.