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:
https://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/
Similar Posts:
- MICROCAPITAL BRIEF: China Mobile’s Zong Unveils PayMax Payment Service in Pakistan
- MICROFINANCE PAPER WRAP-UP: “Mobile Money, Interoperability and Financial Inclusion;” by Markus K Brunnermeier et al; published by National Bureau of Economic Research (NBER)
- MICROFINANCE EVENT: Asia Pacific Microfinance Forum; October 17-18, 2023; Kuala Lumpur, Malaysia
- MICROCAPITAL BRIEF: UNCDF, Bill & Melinda Gates Foundation Launch Mobile Money Program in Ethiopia
- MICROCAPITAL BRIEF: Mastercard, Vodafone Fiji Partner to Provide Debit Cards to Mobile Money Users
