Mobile Phones
Cell phones may also use memory storage cards called flash media, which allow pictures, video, music, applications, and other data to be stored on the cell phone. Some of the most common cards are Compact Flash, Smart Media, and Memory Stick cards. The cell phone is definitive when it comes to deciding if a young person can enter into society so that young people use them to maintain their social framework. At the same time the social contacts allow them to maintain their status in terms of class and peer group. Another application of mobile banking technology is Zidisha, a US-based nonprofit micro-lending platform that allows residents of developing countries to raise small business loans from Web users worldwide. Zidisha uses mobile banking for loan disbursements and repayments, transferring funds from lenders in the United States to borrowers in rural Africa who have mobile phones and can use the Internet. A common data application on mobile phones is Short Message Service text m...