Last week, we reported on the good that can come from text-messaging in the context of NGOs using it to build community in developing nations. Now were seeing a story on SMS with a decidedly less altruistic bent. In the past two years, Sweden has seen the birth and rapid rise in popularity of SMS loans.
I'm from Finland and I had to comment that the article talks about Swedish services, but the image is in Finnish... We have the same problem in Finland and officials are investigating sms loans. There's a problem with young males taking these loans. Especially when they are on a bar round and under the influence.
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