mobile-salary-disbursement-coming-soon-to-a-treasury-near-you

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.
 Red Gillen
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 mobile B2X range from collections, both for distributors and small merchants, to salary disbursement to unbanked populations.

Red Gillen, senior analyst at Celent, a Boston-based financial industry consulting firm, has been following the evolution...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222