Juniper’s latest report discusses mobile money services, which are getting increasingly adopted in the emerging economies of the world with some regions expected to achieve a rate of 1 in 5 money service users over the next 2 years! What’s more, some developing countries are seeing unprecedented penetration levels of up to one in two mobile subscribers within two to three years from launch.
Money transfers, bill payments and airtime top-ups constitute the typical top three mobile money services in an operator’s portfolio, though merchant payments are being tested, as well.
Some other findings from the report include:
- Domestic transfers, airtime top-ups and bill payments account for at least 60% of all applications.
- Following the recession international mobile money transfer users will more than double by 2013, driven by migrant workers.
And you can get additional information on Juniper’s report titled “Mobile Money Transfers & Remittances: Markets, Forecasts & Vendor Strategies 2011-2015” from the company’s website.