A post relating to this item from Finextra:
19 October 2010 | 8279 views | 0
A Somali Islamist group has told telcos in the country to stop offering mobile money transfer services, branding the practice "unIslamic".
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing.
I have heard and even empathized with numerous objections to mobile / E -money - security, cost, usage issues, etc. But I haven't seen anything like this!
The 'green shoots' of Mobile money and Electronic payments can do without another naysayer - that too seemingly with religious sanction. In fact, what we need a declaration by all religions of the world endorsing electronic payments against cash.
A cashless society is not going to be a Godless society!