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 - 14th January 2009

This week's edition of The Fonecast previews the MOTO W233 Renew, which is made from recycled plastic bottles. Plus, as usual, we'll be taking our regular look at the latest news headlines from the mobile industry.

ExclusivePodcast - 7th January 2009

In this week's edition of The Fonecast we welcome 2009 with a review of the top stories from 2008. And, as usual, we'll also be taking a look at the current mobile news headlines from the industry.

ExclusivePodcast - 17th December 2008

We bid farewell to 2008 in this week's edition of The Fonecast. As well as our usual look at the latest mobile news we also predict what'll be hitting the headlines in 2009... and we revisit our predictions from 12 months ago.

ExclusivePodcast - 10th December 2008

In The Fonecast this week we talk to Chris Caudle from the IMPDA about his criticisms of O2 and his hopes for the industry's future in 2009. There's also a preview of the Android-powered Kogan Agora Pro and our usual off-beat look at the latest mobile headlines.

ExclusivePodcast - 3rd December 2008

In The Fonecast this week we're talking to Kari Rantanen, who is director of sales and marketing for Nokia's new Smart Home Program. There's a look at mobile industry headlines from the last seven days and a quick preview of the young-at-heart Samsung Tobi handset.

RSS
First8182838486888990Last

Follow thefonecast.com

Archive Calendar

«July 2026»
MonTueWedThuFriSatSun
293012345
6789101112
13141516171819
20212223242526
272829303112
3456789

Archive