South and Central America will see a huge growth in the use of mobile phones as a means to provide access to banking services, person to person payments and remittances. This part of the world is hugely under-served by banks and it is here that mobile phone payments can make [...]
The growth in these areas of mobile payments is set to increase in line with the number of smartphone sales around the world. According to the latest research from Gartner, published on 14 February 2012, total smartphone sales in 2011 reached 472 million units and accounted for 31 per cent [...]
Recent research by I.E. Market Research shows that mobile phone payments were worth 31.5 billion dollars in 2010, a slight decrease on 2009, due to the effects of the recession. This company predicts, however, that global mobile phone payments will continue to rise and be worth around 950 billion USD [...]
There are approximately 5,082,665,820 mobile phones in use around the world today. Mobile phone ownership around the world is clearly highlighted in the pie chart below. We, have, however, also broken down mobile phone use by region for those countries for which data on mobile phone ownership is available.
Unlike other business users of SMS Payments, charities are usually given the full value of the donation. With other business users, the mobile payment provider will charge a transaction fee. Mobile payment providers usually waive this fee for charities to ensure that the charity gets the full benefit of the [...]
When you ask anyone about premium SMS they will usually think of the companies that you used to see on television offering ringtones, wallpaper, games, photos or dating sites that people could download to their mobile phones. With these companies, SMS payments very quickly got a very bad reputation. Some [...]
The use of the mobile phone as a wallet or payment device is growing rapidly as companies, financial institutions and customers come to grips with the technology and the possibilities that it brings for mobile payments. Here are just some case studies showing real-life examples of SMS payments and use [...]
If you think you are receiving an SMS in error or you no longer want to receive a Premium SMS then it is relatively easy to block stop getting these Premium SMS text messages on your phone. Thankfully, we have come a long way since the early days of SMS [...]
In Russia there were 224,260,000 mobile phones in July 2011, or 1.5 mobile phones per person. In the Ukraine, there were 54,377,000. Eastern Europe is a growing market for mobile phones and mobile phone payments. IE Market Research predicts that in 2015, there will be 44.6 million mobile payment users in [...]
China has the largest number of mobile phone users in the world at the moment, with 987,580,000 mobile phones in use, closely followed by India, with 903,727,208. Japan and Indonesia are also in the top ten countries worldwide for mobile phone ownership. Asia Pacific is a big market for mobile [...]