What South Asia can teach us about mobile money

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Offline nafees_research

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What South Asia can teach us about mobile money
« on: May 21, 2018, 01:49:25 PM »
What South Asia can teach us about mobile money[/b]

Mobile money is changing the world. The latest GSMA research, GSMA: The 2018 State of the Industry Report on Mobile Money, shows that in 2017 the industry processed transactions worth US$1 billion dollars a day, generating direct revenues of over US$2.4 billion. Today, there are more than 690 million registered accounts in 90 countries. Mobile money has evolved into the leading payment platform for the digital economy in many emerging markets. In Asia, mobile money allows hundreds of millions of people to store, send and receive money digitally, providing a vital gateway to financial inclusion.

In fact, South Asia is at the forefront of the explosive global growth in mobile money. In 2017, the number of mobile money customers grew by 47% to reach almost 235 million, making South Asia the fastest-growing region globally. This is the first time industry growth was not led by Sub-Saharan Africa. South Asia now represents 34% of the world’s registered accounts, up from just 5.6% five years previously.

Source: https://www.enterpriseinnovation.net/article/what-south-asia-can-teach-us-about-mobile-money-574145669
Nafees Imtiaz Islam
Deputy Director
Research Centre (Office of the Chairman, BoTs, DIU) and Institutional Quality Assurance Cell (IQAC)
​​Daffodil International University (DIU)
​​Telephone: 9138234-5 (Ext.: 387)
Web: www.daffodilvarsity.edu.bd

Offline tasmiaT

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Re: What South Asia can teach us about mobile money
« Reply #1 on: August 25, 2018, 02:01:32 AM »
times of need leads to most creative invention of solutions...mobile money seems like one such example. For south-asian countries, which has out of proportion population growth compared to services available, mobile money or digital transaction system was surely a needful invention.
Tasmia Tasnim
Department of Nutrition and Food Engineering
Daffodil International University