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

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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