Disqus
Juniper Research’s latest report titled “Mobile Money Transfer & Remittances: Markets, Forecasts & Strategies 2009-2014″ argues that the consumer demand for mobile money transfer services will see users exceed 500 million globally by 2014, most of which will come from the developing countries. The reason is simple – for many people living in such markets, a mobile phone will be their first touch with the banking system.
However, Juniper also points out that many of the mobile money services being announced will face political, regulatory or commercial challenges along the way.
Further findings from the report include:
- Sophisticated mobile financial services such as loans and savings accounts can add to the attractiveness of mobile money services, and help to reduce mobile operator churn;
- Africa & Middle East, Far East & China and the Indian Sub Continent will be the leading regions for national mobile money transfer services in 2014;
More information is available from Juniper Research’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.
