A new service aimed at developing world allows uses in US to send money to their loved ones through phones. ARTRY allows people from US to send money to their loved ones in Philippines and India . And they do not charge any fees for that.

This is not exactly transferring money to the bank account but the money send here would be used towards the recharge of the phone . So they can not do much except use that towards talking and texting!

To initiate a transfer, you simply enter your credit card information, and the credit is instantly added to the cellular account of your loved one abroad.

How much this service would be useful we would see in coming days . After Nokai has bet big in mobile payment like obopay , ARTERY is trying to create a niche with its services.

Developing world will not have access to internet and laptop 24 hrs in coming years but mobile is sure to evolve more than a mean of communication