|
The Mobile money boom is being driven by several technological and recent societal factors. Technology advances are transforming the mobile phone from a simple communication tool to smart devices, capable of delivering platforms for content based services and also as a replacement for other Payment methods.
Worldwide mobile penetration is over 70% which is higher than PC penetration, banking penetration and Credit cards penetration. The mobile phone networks across the globe connects more people than any other services delivery platform which makes it a natural alternative delivery model for payment methods used by customers. Improved functionality has also changed the way consumers use their mobile devices as data oriented multimedia platforms. This has paved the...
|