Mobile Money Catching on Worldwide as Banks Join the Action
Summary
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site Press Releases Mobile Money Global Press Release Receive press releases from Mobile Money Global: By Email RSS Feeds: Mobile Money Catching on Worldwide as Banks Join the Action Dubai, United Arab Emirates, August 19, 2012 --( Mobile Money Global’s director Stuart Barker says the event is focussed on providing a full picture of everything that is happening throughout the global market and the full array of services being developed and offered by both banks and MNOs.Banks seeing the opportunities “The industry is starting to overcome the inertia around mobile money,” says the event director Stuart Barker."There have been a lot of deployments (124 with 92 more planned), regulators are becoming far more enlightened and banks are really starting to see this as an opportunity rather than a threat, with some launching their own services.He continues: “Africa is the mobile financial services hub of the globe, but the mobile money trend is catching on worldwide, from the Middle East, Europe and the US.” According to the Mobile Money Global director the industry still faces certain challenges such as forming the right partnerships and JVs to offer widely acceptable service and then driving adoption of these services."There have been a lot of deployments (124 with 92 more planned), regulators are becoming far more enlightened and banks are really starting to see this as an opportunity rather than a threat, with some launching their own services.