Mobile Money Transfer Report 2009: Profiting from cross-border remittance and global banking.

May 8, 2009 - PRLog -- San Francisco, CA and Lodnon, UK;
Article Source: http://www.visiongain.com/Report.aspx?rid=385
Despite the impact of the 2008-2009 global downturn, remittances as a source of liquidity will likely prove to be resilient, and could potentially play a role in restoring or increasing prosperity across regions. Whereas the sharp contraction of credit in the global banking sector has directly and instantaneously ravaged FDI alongside private debt and equity flows, remittances to the developing world are slowing down more gradually and indirectly as a result of declining personal consumption, lay-offs, and lower salaries impacting the real economy. This adds the resilience of remittances, where migrant workers will continue sending money to relatives in their countries of origin during uncertain economic times, albeit at less regular intervals and/or in smaller amounts.

Despite a net reduction in new migration through 2009 due to tightening immigration controls as a protectionist political reactions in some countries, the number of migrants accumulated in previous years represents a significant proven source of remittances, the value of which will nevertheless be vulnerable to disruptive factors such as exchange rate volatility.

The report will explore how the mobile value chain and financial sector can tap into money transfer as an attractive new revenue stream, given the strength and ubiquity of mobile as a convenient, secure and low cost channel for financial.

Mobile Money Transfer is positioned to exercise considerable transformational effect on developing economies, a crucial factor for wider world economic growth. Mobile Money also enables financial services and money transfers - often initiated by urban and international immigrants - to reach poor people in rural areas. Mobile remittance services will form the first commercially viable and sustainable opportunity to reach the unbanked with low cost, no-frills financial services.

The huge potential for mobile money transfer can be seen from the sheer volume of cross-border remittances typically sent through existing channels such as banks and money transfer agencies. Measured flows have grown exponentially over the last decade - by 130 percent since 2001, with an estimated US$248billion sent primarily from industrialised countries to the world's emerging markets in 2007. Although remittance flows are currently experiencing short-term decline, existing services and pilot projects in Kenya and the Philippines have shown operators a feasible route towards gaining a share of those large remittance flows expected by and new mobile remittance services are expected by 2011 at the latest. Operators and banks in the Middle East, Europe, Asia and Africa are in the process of deploying services primed to encourage and exploit potential growth.

Major operators with international and inter-regional footprints such as Vodafone and Orascom Telecom have announced their intention to deploy mobile remittance, which they hope will act as a catalyst for the wider adoption of mWallet-enabled transaction services. Most importantly, mobile remittance presents a way for these inter-regional players to further maximise revenue potential through a greater proportion of their respective footprints, leveraging their assets in Europe and the Middle East in synergy with those in South Asia, Africa and the Asia Pacific.

This brand new 80+ page report analysis all of the exciting opportunities that will be available to increase your revenues from this potential arena.

Reading this exclusive management report will tell you the following:
• What different forms of mobile remittance are available and expected to appear in the future?
• Why is mobile potentially so important to banking and financial services, as well as economic development?
• When will mobile remittance become a truly global mass market proposition?
• How successful can these service propositions become?
Find out the answers to these and many other questions by buying this vital industry insight.

Mobile money transfer and m-payments have great potential due to the relationship between a mobile subscriber and their handset, where the mobile device is often with the end-user for most of their waking time. With mobile penetration reaching 100 per cent in many developed markets, the mobile phone will soon be in virtually everyone's pocket. Payments and banking are currently major areas of growth in the mobile world and these are set to become even more specialised than they are at the moment. Do you understand this market? Do you know how it will develop? Is this an issue that you need to act on and find out about now?

Companies Listed
aKos Technology
Aktel
Alliance & Leicester
AT&T
Belgacom ICS
Bharti Airtel
Cable & Wireless
Citigroup
ClearTalk Wireless
COAI
Cointel
CSL
Cybertalk Limited
Dahaabshil
Deloitte
Deutsche Bank
DFID
Dialog
Digicel
Du
Enitel
eServGlobal
Etisalat
EU
Financial Services Authority
Fundamo
GFG Group
Globe Telecom
Global Peso Express
Grameenphone
GXI
HSBC
Hutchison 3G
ICSL Nigeria
!dea Cellular
IMF
Indosat
Inter-American Development Bank
Lari Exchange
Lebara Mobile
LG Electronics
Life
Link
Lycatel
Luup
MasterCard
Maxis
MiPay
Mobilink
MoneyGram
Monitise
Motorola
MTC Bahrain
MTN
mTranZact
Nairobi Stock Exchange
NatWest
Nokia
Orange
Orascom Telecom
Paybox
Pera Padala
Pinoy Express
PKO Bank Polski
Polkomtel
Royal Bank of Scotland
Safaricom
SingTel
Smart Communications
Softbank
Sony-Ericsson
Swisscom
Sybase
Tata Communications
Telefonica
Telenor
Tesco Mobile
TIM
TMN
Touch Mobile
Travelex
Turkceli
Ulster Bank
UNCTAD
United Nations
US Bank
Utiba
Vigo
VimpelCom
Virgin Mobile
Visa
Vodacom
Vodafone
Western Union
World Bank
Zantel

Visiongain ltd.
4th Floor,
BSG House,
226 236 City Road,
London
EC1V 2QY
United Kingdom

Telephone: +44 (0) 20 7336 6100
Fax: +44 (0) 20 7549 9930
info@visiongainglobal.com
Or Visit at: http://www.visiongain.com/Report.aspx?rid=385
Or http://www.visiongain.com

Or
Contact Person

Suvitha Damodaran
suvitha.damodaran@visiongainglobal.com
Direct Line: +44 (0)20 7549 9946
+44 (0)20 7336 6100

# # #

Visiongain is an independent business information provider for the Telecoms, Pharmaceutical and Defence industries. We organise conferences, publish reports and newsletters, and provide consultancy services.