Mobile salary disbursement, coming soon to a treasury near you

Mobile business-to-business or consumer payments could hit $16.5 trillion by 2012, says Celent senior analyst Red Gillen.

Mobile salary disbursement, coming soon to a treasury near you
Red Gillen

Billions of text messages are sent from mobile phones around the world daily. Typically the domain of dinner plans or LOL messages, these texts now include a small but growing number of mobile payment instructions.

A developing world phenomenon, mobile payments come in two general forms -- the most popular being person-to-person P2P mobile money transfers, typified by transfers from wage-earners in cities to relatives in rural areas. But business-to-business or consumer B2X transfers have been gaining traction. Uses for...

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