AND LEARN HOW TO USE IT
5 babies are born every second worldwide, but 30 new mobile phones are subscribed to every second.
There are 2,000 times as many mobile phones as ATMs in the world.
The ubiquitous mobile phone offers a convenient, quick, secure, low cost channel to initiate and receive money transfers. With cross
border remittances, domestic money transfers, airtime remittance, utility bill payment, payroll and microfinance loan repayments, the
potential value of new revenues and volume of new, loyal customers for MNOs and banks is phenomenal.
Reaching the unbanked
World Bank estimates indicate that reducing remittance commission charges by 2-5% could increase the flow of formal remittances by 50-
70%. Therefore MOBILE MONEY TRANSFER WITH TELFUND INTERNATIONAL can have a transformational effect on developing economies. Mobile Money
with Telfund also enables financial services and money transfers – often initiated by urban and international immigrants – to reach poor
people in rural areas. Critically, Mobile Money offers the first commercially viable opportunity to reach the unbanked with low cost, no
-frills financial services.
Mobile Money Transfer With Telfund International is the killer app in the mobile Payment suite
70% of new mobile payment initiatives announced in the last 6 months have been in Mobile Money Transfer.
Telfund Mobile to Mobile money transfer users to reach 100 million by 2013
As more and more migrant workers are sending money back home to their families, the rate of adoption of mobile money transfers is growing
In fact, if a new analysis published by Juniper Research recently is to be believed, there would be more than 100 million users around
the world who use their mobile phones for international money transfers by year 2013.
In places where the $100-laptop hasn’t been deployed yet, mobile phones will be the most important tools a migrant worker could ever have
while he’s trying to save up every penny to send back home, as pointed out in the research.
“The mobile phone will become a vital enabler in developing countries because often many more people have phones than have bank
accounts. The GSM Association Mobile Money Transfer global initiative emphasizes the importance that is attached to this across the
mobile industry as a whole.”
The 100 million user-estimate was made on account of all major regions where international mobile money transfers were being made, and
according to the report, the top three of the said regions by 2013 will be Western Europe, North America, and the Middle East.