Active mobile money accounts worldwide grew 41% to more than 100 million in 2014, a report from the GSMA’s Mobile Money for the Unbanked programme has found. State of the Industry 2014: Mobile Financial Services for the Unbanked also reports that mobile money services are now available in 61% of developing markets — 84 out of 139 — with 255 services running in 89 countries worldwide. “Mobile is a key enabling tool for financial inclusion and over the last year we’ve seen significant growth in mobile financial services,” says GSMA chief regulatory officer Tom Phillips.
- Dollar General lets customers check out on their mobile phones
- National Bank of Canada lets merchants accept contactless payments on their Samsung smartphones
- Google explains how its BiometricPrompt API will work
- UnionPay promotes mobile payments adoption with discounts at merchants around the world
- UK government to use NFC to verify residency status of EU citizens after Brexit