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Articles tagged with: Mobile Banking and Security
Providers Find Lucrative Market for Mobile Money Services
Providing financial services to some of the world's poorest people through mobile phones is proving to be a lucrative business in developing nations. The GSM Association, which represents the global telecom industry, says the number of people using mobile phones to send or receive money will grow exponentially in the next few years. more
Related Tags: mobile-payments, mobile-money
Transactions of Long Awaited Mobile Money Rise in Europe
Both mobile operators and banks are turning to mobile transactions to foster loyalty and drive revenues. Ranging from vouchers and bank balance checks to remitttance and top-up payments, mobile money is finally coming to fruition in both the banked and unbanked sector, while near field communication (NFC) promises to be the pot of gold at the end of the rainbow. more
Related Tags: mobile-payments, mobile-money
Mobile-Banking Lagging Due To Ineffective Marketing by Banks
Banks' marketing efforts are not keeping pace with their actual mobile-banking services, and the imbalance is causing limited adoption of mobile-banking by consumers, reports a study by Javelin Strategy & Research. more
Related Tags: USA
Telenor Launches Mobile Banking Service in Pakistan
Telenor Pakistan and Tameer Microfinance Bank together have announced the launch of a mobile banking service, which is being branded as "easypaisa". Customers of the mobile network operator will be able to make bill payments and send and receive money at thousands of outlets and in addition manage their bank accounts over their mobile phones. more
Related Tags: telenor, play, life, Pakistan
Mobile Banking Survey Reveals Untapped Market Among Offline Banking Consumers
A survey of more than 500 American mobile phone users suggests that financial institutions should mine the untapped market of offline-banking consumers as a potential target audience for mobile banking and payment services. more
As Mobile Banking Heads for Explosive Growth, Consumers Rank Simplicity, Security Supreme
With 86 percent of American adults owning a mobile handset, mobile banking is poised for explosive growth. Currently 36 million adults are using mobile banking (smartphone users - 18% of Americans - are the heaviest users), but by 2014 that number is expected to grow to 99 million adults, according to a new study by Javelin Strategy & Research. more
Mobile Banking Poised for Rapid Growth
A new report from IDC Financial Insights emphasizes that banks need to prepare themselves today for the imminent wave of mobile adoption to avoid being left behind by competitors. The study indicates that while current economic conditions may have curtailed both consumers' demand for mobile banking and banks' willingness to invest in it in the short term, things are still moving forward. more
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City University London Develops Easier Security for Mobile Banking
A team of informatics and engineering specialists at City University London has received £135,000 in funding from the Government's UK-India Education and Research Initiative (UKIERI) for a three year project to develop new security measures for mobile banking. The UKIERI aims to encourage research links between the UK and India, one of the fastest growing mobile markets, with 80 million internet-enabled handset users predicted by the end of 2009. more
Related Tags: three, mobile-money, UK
Bangkok Bank Launches All-in-One Mobile Banking and Payments Service
Mobile banking service provider, Fiserv says that it is now providing its Mobile Money service to Thailand's Bangkok Bank. Customers can now access Bangkok Bank's internet banking platform, Bualuang iBanking, securely on their mobile phone, enabling them to view account information, pay bills, transfer funds and top up their mobile phone account. The application is available in both English and Thai languages. more
Related Tags: fiserv, mobile-money, Thailand
U.S. Mobile Financial Services Markets Expected to Reach $1.46 Billion in 2013
Accounting for over 3 billion subscribers worldwide, mobile devices have emerged as a convenient and safe mode to conduct financial transactions. Both m-commerce and mobile banking services are being widely deployed across the United States. These services go beyond the traditional role of providing digital or mobile content services and allow for the procurement of physical goods. more
Related Tags: m-banking, m-commerce, frost-and-sullivan, mobile-payments, text-messaging, 3, mobile-content, play, wap, USA