The following is a link to an interesting article by Natasha Lomas from Business Week showing the predicted impact and growth of mobile banking over the next few years.
http://www.businessweek.com/globalbiz/content/jun2008/gb20080618_147746.htm
The number of global mobile banking transactions is predicted to increase from 2.7 billion in 2007 to 37 billion by 2011, according to Juniper Research. The analyst forecasts 41.5 billion mobile financial service transactions will be made by the end of 2011. These services will be driven by rapid consumer adoption mainly by mobile users in developing countries who do not have access to any other form of banking and 13-18 year old individuals in developing countries who are too young to access financial service any other way. China and the Far East are predicted to be the biggest converts to mobile finance.
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This is very interesting! I recently traveled to Europe, and couldn't believe the advancements in mobile technology that they had! I have been wondering when the US will achieve the same standards and convenience that mobile banking offers. I was told that the infrastructure is not as developed as the US so they us mobile devices to communicate more than we do. I would like to see more of these services offered in the states...soon!
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