Grameenphone's CellBazaar service was highlighted at the latest summit of GSMA, the global association for the mobile industry, for using technology to boost economic development.

The summit represented 750 mobile phone operators from 218 countries in Atlanta, USA.

Kamal Quadir, CEO of CellBazaar, represented the Bangladeshi innovation at the summit.

Grameenphone's CellBazaar will help developing countries to 'leapfrog' industrialized nations using technology, explained Quadir,

Limited communication technology hinders businesses in developing countries. Traveling great distances is the only way to access market information. Isolated and uninformed, farmers and traders have no bargaining power over middlemen.

Quadir told the GSMA that CellBazaar service provides a birds-eye new of the entire market to the sellers and the buyers.