As mobile payments continue to grow as an emerging transactional platform in developing markets, vendors such as M-PESA (Vodafone Money Transfer) have achieved as much as US$500 million worth of transactions per month in six countries including Kenya, Tanzania, Afghanistan, Fiji, and South Africa.
However, given the deep penetration of credit cards and online payment infrastructure, this trend continues to primarily affect emerging markets only.
Research firm Arthur D. Little forecast a 6% growth in emerging markets in 2011, vs 2.4% in rich countries in the same year. The firm says that in countries such as BRIC (Brazil, Russia, India, China), as many as 1 million users sign up on mobile payment platforms per week, and this number is likely to reach 290 million by 2015.
Read more: http://www.globalintelligence.com/insights-analysis/bulletins/10-transformative-technology-trends-for-2011-2012#ixzz1bcrYuKTw
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