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Monday, October 22, 2012

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

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)]

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Opinion Articles

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Mark Bridge writes:

Happy New Year and welcome back to our weekly news summary. Thanks to the Bank Holiday last Monday we’ve had a relatively gentle start to the year, although I’m sure this week’s CES show in Las Vegas will generate plenty of product news.

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Chinese mobile manufacturer ZTE has just announced a new mobile phone design philosophy. It’s called “Caring, Creative, Simple, Smart” and - let’s be honest - you could say it sounds a little trite.

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Discover our mobile phone industry predictions for 2012

Mark Bridge writes:

In today’s podcast - our last programme in 2011 - we’re doing our best to predict what’ll be happening in the mobile industry next year.

Will there be big announcements from the Wholesale Application Community?  Innovation from Intel?  Falling sales at Apple?  Reorganisations at RIM?  Listen to find out what we forecast.

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Last week at The Fonecast: 19th December 2011

Mark Bridge writes:

“He knows if you’ve been bad or good...”

You don’t need to be Santa Claus to appreciate that RIM’s quarterly results have marked a disappointing end to a disappointing year. Yes, the company’s sold millions of BlackBerry phones - but PlayBook sales haven’t been good, its new OS is delayed and its market share appears to be falling. You could argue that 2012 is a make-or-break year for Research In Motion... or at least for its current management.

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Mark Bridge writes:

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