Disqus
The new Juniper Research’s report titled “Mobile Financial Services: Banking & payment markets 2007-2011″ suggests that the “rush by banks and mobile operators” to deliver financial services to the mobile phone will result in just over 612 million mobile phone users generating over $587 billion worth of financial transactions by 2011.
According to the research company, mobile financial services are being deployed in a manner that is similar to the “gold rush” of the 1990s. The report found that the mobile phone has enormous potential when used as a tool for financial services, and is only just at the beginning of a journey that is likely to revolutionise the sector.
Two distinct areas are covered by the report – Mobile Banking and Mobile Payments, with latter predicted to generate almost $22bn of transactions by 2011 and be adopted by 204m mobile phone users…
Further details, including white papers, are available on Juniper’s website.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
