Fifteen years ago, on July 30, 1995, the first ever mobile phone call was made in India. Now it is not just voice calls as there are several other uses of our mobile phones as well.
Mahender is illiterate and has no permanent home. His sweet juice stall in Delhi earns him about Rs 100 a day. Mahender is not an ideal bank customer but his bank is his cell phone. It's run by EKO, a company that's tied up with the State Bank of India. An identity proof, a photograph and a cell number is all he needs to start his account. When he deposits his wages, the shop owner confirms receipt via SMS. Now, Mahendar can send money to relatives in Bihar. Or withdraw it, whenever he wants, from similar shops across town.