The latest Berg Insight‘s report deals with mobile money services. According to the research company, the number of mobile money subscribers in emerging markets is forecasted to grow from 133 million users in 2010 at a compound annual growth rate (CAGR) of 40% to reach 709 million users in 2015. At the same time, the total value of mobile money transactions will grow at a CAGR of 54%, from $25 billion in 2010 to $215 billion in 2015, with Asia-Pacific accounting for more than half of the total user base.
Berg is also bullish about Africa where mobile phones will become the primary digital channel for people to conduct financial services in the coming years. Financial institutions have realized this trend and have started reaching for clients using the mobile channel. Likewise, mobile operators and third party service providers are ramping up their efforts to target the so called “unbanked” populations in emerging markets.
In addition, Berg Insight estimated that $16 billion worth of international money transfers will be received using mobile phones in 2015, up from less than $1 billion in 2010.
Finally, when it comes to international airtime transfers, they will grow at a CAGR of 67% from $130 million in 2010 to reach $1.67 billion in 2015…