Half a Billion Mobile Money Transfer Service Users in 2014
Reported by Juniper Research that tentatively half a billion of people will use mobile money transfer services in 2014.
According to new analysis from Juniper Research consumer demand for mobile money transfer services will see users exceed 500 million globally by 2014, principally in developing countries.
Juniper Research’s new report – ‘Mobile Money Transfer & Remittances: Markets, Forecasts & Strategies 2009-2014 ‘ – also suggests, however, that the many new mobile money services being announced will face political, regulatory or commercial challenges as they bring their services to market.
The report found that in developing world economies often only a small percentage of the population has a bank account or a credit card. A larger percentage, however, have a mobile phone or access to one. The reality is that far more people in countries that are underbanked will have used a mobile phone than will have used an ATM or visited a bank branch.
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