Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

News

Five times more mobile money users expected in emerging markets within five years

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

A new research report from Berg Insight expects the number of mobile money users in emerging markets to grow from 61 million active users in 2011 to 381 million by 2017; a compound annual growth rate of 36%.

Meanwhile the total value of mobile money transactions is forecast to grow from $44 billion last year to $395 billion in 2017, the equivalent of a 44% increase each year.

Lars Kurkinen, Telecom Analyst at Berg Insight, said “he industry is in a very exciting phase right now. Mobile money has not only taken off in Kenya - we’re seeing exponential growth in Tanzania, Uganda and several other countries as well. Mobile money is reshaping the market for products such as microinsurance, and will drive uptake of electronic payments for goods and services in many emerging economies.”

The Asia-Pacific region is expected to become the most important mobile money market by 2017, accounting for nearly two-thirds of the active user base.

[Report details (pdf)]

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Opinion Articles

Whatever happened to all my tech?

ExclusiveWhatever happened to all my tech?

Mark Bridge writes:

I've been taking a look back at the devices I've written about during the past few years. Some are still faithful companions, others... well, let's just say my faith was misplaced.

ExclusivePredictions for 2016: Network Function Virtualisation, 4G throttling and video calling

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Kapture review: the audio-recording wristband

ExclusiveKapture review: the audio-recording wristband

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

RSS
12345678910Last

Recent Podcasts

ExclusivePodcast - 30th March 2011

This week we're talking to Bob Sweetlove of distributor HSC about the company's recent Mobile News Award for 'best airtime distributor'. And, as usual, we look at the latest industry headlines, from the BlackBerry PlayBook to mobile payments.

ExclusivePodcast - 23rd March 2011

It's been a week of acquisition announcements, with T-Mobile USA, Phones 4U and Snaptu all apparently changing hands. The team also talks about Ofcom's 4G auction plans, Android legal action, the Mobile News Awards... and much more.

ExclusivePodcast - 16th March 2011

Iain, James and Mark look at the week's mobile news headlines, from Ofcom cutting termination rates to Opera launching its own application store... and they also hear how an unusual ringtone resulted in a criminal gang being apprehended.

ExclusivePodcast - 9th March 2011

In this week's podcast we discuss the iPad 2, data restrictions, mobile radio, mobile viruses and mobile tickets. In addition, Leslie Ferry of Broadsoft talks about IP communications... and Iain Graham raps. Yes, really.

ExclusivePodcast - 2nd March 2011

There's a focus on mobile payments in this week's podcast, with a look back at Mobile World Congress and a conversation with Mary Carol Harris of Visa Europe. The team also takes its regular review of the week's headlines, including Vodafone's network problems and a hiccup with Microsoft's Windows Phone update.

RSS
First5455565759616263Last

Follow thefonecast.com

Archive Calendar

«July 2026»
MonTueWedThuFriSatSun
293012345
6789101112
13141516171819
20212223242526
272829303112
3456789

Archive