Mobile Financial Services Upside in Emerging Markets

Across the globe, the mobile phone is one of the most important technology advancements for developing nations, as an enabler of economic growth. In fact, many of these emerging countries have already seen a rapid adoption of mobile remittance.

Source: Digital Lifescapes

International Mobile Money Transfer Market Upside

We’re seeing a lot of new investment in Fintech start-up companies, and for good reason — money transfers and mobile payments are a huge upside opportunity. In 2015, international remittances totaled $582 billion, with approximately $440 billion remitted to developing countries.

Source: Digital Lifescapes

Blockchain: Exploring the Numerous eCommerce Apps

Cross-border remittance, in particular, is seen as an area where blockchain technology could have a very positive impact on the old business process. The total value of ‘official’ cross-border remittance in 2015 was $582 billion, of which $436 billion was sent to recipients in emerging or developing nations.

Source: Digital Lifescapes

How Blockchain will Transform P2P Global Commerce

Blockchain is the first native digital medium for peer to peer (P2P) value exchange. Its protocol establishes the rules—in the form of globally distributed computations and heavy duty encryption—that ensure the integrity of the data traded among billions of devices without going through a trusted third party.

Source: World Economic Forum

Mobile Wallet Services are Coming to Developed Nations

According to the latest market study by Juniper Research, the number of mobile money transfers is expected to increase by nearly 150 percent in 2015 to more than 13 billion transactions. Also, Venmo is now experiencing transaction traffic approaching nearly $1 billion per quarter.

via Digital Lifescapes

Mobile Money Transfer Revenue will Reach $4 Billion in 2018

As mCommerce services continue to gain new users across developing regions — such as sub-Saharan Africa and emerging Asia — the early-adopter nations have experienced a mobile money revolution that has empowered the local economies.

via Digital Lifescapes