Thursday, 19 June 2008

Mobile finance will be driven by consumers without bank accounts

41.5 billion mobile financial service transactions will be made worldwide by the end of 2011, according to figures from Juniper Research. This compares with just 2.7 billion in 2007. It says the market will be driven by two sectors: users in developing countries who do not currently hold bank accounts or credit cards, and users in developed countries who are too young to access conventional financial services. [Press release]

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