India is the fastest-growing mobile communications market in the world. The rural poor are rapidly adopting phones, so the technology could become a platform for providing banking services. Sanjay Swamy, CEO of the mobile-payment platform mChek, talks about the potential.
Last year, important internet cables connecting Europe to Asia were mysteriously severed, resulting in days of outages for millions of internet users. It was a stark reminder that, no matter how instantaneously our information seems to travel, it is, in fact, moving through cables on the bottom of the ocean. And, while the internet might seem like the cutting edge of technology, it's interesting to note that information has been traveling this way since the first telegraph cables were laid across the Atlantic ocean in the 19th century.