LONDON, Nov. 12 /PRNewswire/ -- Both mobile operators and banks are turning to mobile transactions to foster loyalty and drive revenues. Ranging from vouchers and bank balance checks to remittance 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.
New analysis from Frost & Sullivan (http://www.wireless.frost.com), Money in Mobile -- European Transactions, estimates the mobile money market in Western Europe to grow to 4 to 5 billion Euros by 2013. The research examines both the banked and unbanked sectors and segments mobile money into four areas, namely: non-NFC based m-payments, mobile banking, remittance, and NFC based m-payments.
"Solutions targeting the developed world require a long-term strategy, even as providers will need to find a viable solution for retail payments (B2C)," notes Frost & Sullivan Principal Analyst Sharifah Amirah. "NFC is potentially a solution, but hardware costs and mass market availability still remain key challenges for its widespread adoption. In the mean time, SMS-based services will drive growth."
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Showing posts with label mobile payment. Show all posts
Showing posts with label mobile payment. Show all posts
Friday, 13 November 2009
Wednesday, 9 September 2009
PHILIPPINES: Metrobank, Luup partner for mobile remittances service in the Philippines
Philippines-based financial services provider Metrobank has signed a contract with mobile payment services provider Luup, owned by Norwegian m-payments services provider Contopronto to launch a mobile money transfer service, cellular-news.com reports.
Aimed at overseas workers who want to send money to their families, the service enables the Luup banks' customers to initiate transactions via Metrobank's network of over 500 branches and over 1,100 ATMS across the country.
Metrobank provides a suite of banking services to large local and multinational corporations, middle market and retail segments. Luup has recently entered an agreement with MoneyGram International to develop a mobile money transfer service by making use of the latter's global agent network and Luup's mobile payment services.
Source
Aimed at overseas workers who want to send money to their families, the service enables the Luup banks' customers to initiate transactions via Metrobank's network of over 500 branches and over 1,100 ATMS across the country.
Metrobank provides a suite of banking services to large local and multinational corporations, middle market and retail segments. Luup has recently entered an agreement with MoneyGram International to develop a mobile money transfer service by making use of the latter's global agent network and Luup's mobile payment services.
Source
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