A New Way of Banking And Echoes of My Grandfather.
Interesting article from Tom Friedman about a banking startup in India. It deals with a couple of themes besides banking. Go read it. I will wait right here! Then, I will tell you why I found it amusing.
About 100 years ago, my grandfather came to America to work in the coal mines of Bellevue, PA (at the ripe age of 14). After working for about 2 years and surviving to 2 cave-ins, he decided that his fortunes lay elsewhere.
He eventually opened a small general store. After installing a safe, he acted as "bank" for fellow immigrants who needed to send money back home. He also offered a letter writing service for those who could not read or write so they could stay in touch with their families.
In reading Tom Friedman's article I think its safe to assume that my grandfather would have understood EKO India Financial Services perfectly.
