At the recent Mobile Money Transfer Asia Pacific conference in Manila, a representative of consulting firm Edgar Dunn predicted that global mobile banking will reach 364 million low-income people and will be worth USD 202 billion by 2012, according to a recent Philippine Star article. Sixty percent of that activity is expected to occur in Asia, with China and India joining the Philippines as leaders in the region. Two Philippine mobile money players were cited for their work with local financial institutions in developing the mobile schemes: Smart Communications and Globe Telecommunications.

Source:

The Philippine Star article:
http://www.philstar.com/Article.aspx?articleId=532533

MicroCapital Mobile Money Transfer Asia Pacific listing:
http://www.microcapital.org/microcapital-event-mobile-money-transfer-mmt-apac-conference-expo-december-8-9-2009-manila-philippines-sponsored-by-obopay/

Smart Communications:
http://smart.com.ph/

Globe Telecommunications:
http://globe.com.ph/