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|  "Mobile Money Opportunities in the BRIC Countries" now available at Fast Market ResearchNew Wireless research report from BRICdata is now available from Fast Market Research
By: Fast Market Research, Inc. In Russia operators are placing a strong emphasis on making contactless mobile payment service available to users using the NFC standard, with NFC-enabled mobile payment trails initiated for making retail payments or on public transport. All three leading mobile operators in Russia, Megafon, MTS and Vimpelcom, collaborated to provide users with common access to each other's mobile payment services. In India the growth of mobile money services increased as regulatory changes were implemented. Brought into effect by the Reserve Bank of India (RBI), the new regulations increased the per-day mobile money transfer limit to INR50,000 (US$1000) from the existing limit of INR5,000 (US$100). The rapidly growing mobile money market in India is driving the established business correspondents (BCs) to directly offer mobile payment services. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ China is an upcoming destination for mobile money services owing to its large mobile subscriber base and increasing government support. China's UnionPay, a card network operator in China, in collaboration with China's leading banks, wireless operators and handset manufacturers, is forming a mobile payment industry alliance. This alliance is expected to enhance mobile payment coordination across industries by providing a single open mobile payment platform to users. Key Highlights * The Brazilian mobile payment market recorded XXX million transactions in 2011 with an average transaction size of US$X.X, and is set to reach over X.X billion transactions with an average transaction size of US$X.X by 2016. * The Brazilian retail industry is one of the most developed in Latin America, which is expected to provide a strong platform for the growth of mobile payment services. * The Russian mobile payment market stood at X.X million transactions in 2011, with an average transaction size of US$X.X. This is set to reach over X.X billion transactions with average transaction size of US$X.X by 2016. * The entry of PayPal will help drive the mobile payment market in Russia, which is currently dominated by e-currencies, Yandex.Dengi and WebMoney. * The Indian mobile payment market stood at XX million transactions in 2011 with average transaction size of US$X.X. This is set to reach X.X billion million transactions, with an average size of US$X.X by 2016. * The regulatory change, which allow postal departments, kirana stores and corporates to act as business correspondents, is also expected to be the key driving factor for mobile banking in India * China's mobile payment market stood at XXX million transactions in 2011, with an average transaction size of US$X.X. This is set to reach X.X billion transactions, with an average size of US$X.X. * Minimal mobile payment network partnerships are restricting the market reach of mobile payment platforms in China. Scope * This report provides an extensive analysis of the mobile money market in the four BRIC nations - Brazil, Russia, India and China * It provides current and forecast market size for the mobile money market in each of the BRIC nations * It offers a detailed analysis of business, infrastructure, technology and consumer trends driving the growth of the mobile money market in each of the BRIC countries * The report highlights the key challenges faced by the mobile money market * It provides case examples of key mobile payment vendors offering mobile payment services * The report details the new services launched by mobile banking operators in each of the BRIC nations * It also provides insights into the future of the mobile money market and upcoming trends shaping the growth of the market in each of the BRIC countries Reasons to Purchase * Gain in-depth insight into the mobile money market in each of the BRIC countries * Understand the various market dynamics within the mobile money market and use the knowledge to capitalize on the potential of these high-growth markets * Take informed decisions and formulate effective technical and marketing strategies based on the report's detailed market insights on the mobile money market * Understand the key consumer, business and economic trends within the mobile money market in each of the BRIC nations * Gain insight on the growth strategies adopted by key mobile payment service providers About BRICData BRICdata is a comprehensive source of insights and analysis: the company publishes a broad spectrum of reports across a number of different industry sectors, including consumer, retail, financial services, technology, telecoms and construction. View more research from BRICdata at http://www.fastmr.com/ # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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