Upwardly Essay Example | Topics and Well Written Essays - 500 words

Upwardly - Essay Example For instance, the people of Muruguru village have been for a long time suffered because of impassable roads; thus difficult to reach customers in the market easily. However, the introduction of the mobile phone use has significantly changed their lifestyles because they are nowadays able to reach their customers in the market easily; thus improving their business activities. Ewing (380) argues that the mobile phone use can dramatically improve the living standards through saving time on wasted trips, offering information about prices of the products and even conducting banking services. It also affects the living standards of people through changing the developing markets faster. There are many millions of mobile subscribers across the globe and the effect of mobile use is more dramatic than in Africa, where mobile technology represents the modern infrastructure (Ewing 380). The increasing research evidence reveals that access to communications boost the income levels and makes the local economies efficient; thus improving the standards of living (Ewing (381). The mobile phone use has also fueled the growth of financial services in the global market. This is because many subscribers have nowadays started using mobile money transfer services. Hence, the mobile phones have extended the financial services to billions of poor citizens, who do not have acces s to the bank (Ewing (381). For instance, the M-Pesa services in Kenya, that was launched by Safaricom Company has enabled many clients to make money transfer effectively; thus contributing to economic growth. However, the mobile phone use in Africa differs from that of the U.S and Europe because it is widely used in developing nations for money transfer more than in the developed nations. This has encouraged many investors from developed nations to invest in poor nations. The local operators operating communal phone services for money transferring business