Myanmar is currently largely a cash economy. In this post we consider the types of mobile banking and payments solutions we predict will first gain traction in the Myanmar market: remittance services and banking the unbanked. Outside Myanmar, the way people bank and pay has been revolutionised: from the introduction of credit cards, telephone banking and …
This week Visa Inc added significant incremental mobile payment and banking capabilities – acquiring Fundamo, a mobile money transfer software company and announcing a five year deal with Monitise. The Fundamo deal is designed to bolster Visa’s position in developing markets where the mobile operators are increasingly able to leverage the lack of a traditional banking infrastructure and their …
Mobile banking and payment is a recurrent theme for this blog. I have previously posted on rumours that the iPhone 5 might contain NFC technology, and mused on the possibilities unlocked by the integration of mobile payments with location-based offers and services. This week sees both the publication of the (Monitise sponsored) Future Foundation’s research on emerging trends in …