Transcription of Payments and money transfers by mobile phone ... - Citibank
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Payments and money transfers by mobile phone : new business models will mobilize moneyMobile phones represent the next big game changer in the Payments industryAlmost 7 billion people live on Earth. What s more, they account for nearly 5 billion mobile phone is safe, then, to anoint the mobile phone as one of the most commonly used communications devices in the world. Its power and its allure, how-ever, extend well beyond enabling overwhelming appeal of mobile devices, as those of us who are teth-ered to ours know, derives from the anytime, anywhere connectivity they provide for a wide range of activities. We use mobiles to stay in touch with friends, family and business associates but also to stay on top of breaking news stories, share photos, verify bank balances.
Payments and money transfers by mobile phone: new business models will ‘mobilize’ money Mobile phones represent the next big game changer in the payments industry
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