The mobile money landscape continues to grow in every direction finding new ways to add convenience to the routine business of transactions, whether that be purchasing an app (or purchasing something within an app), transferring money to relatives or friends or splitting and paying a restaurant bill. What’s interesting is how mobile money is increasingly boosted because it is a vital component of a growing number of mobile consumer services – paying for a cab ride or ordering and buying a coffee for example.
Check out the latest developments below in the mobile money landscape. Defined by MEF’s Global Working Group it categorises the ecosystem into in-store payments, online payments, P2P payments, direct operator billing, mobile wallets and mPos. Mobile money was also acknowledged with its own category in MEF’s recently announced Meffy Awards – check out all the winners here.
MEF’s Global Mobile Money Landscape, is part of a regular Mobile Money eBulletin series, which you can download for free. Thanks to everyone who got in touch to share their updates. Do share your comments or views to be included in the next edition or if you want to get involved in the next phase of our Initiative which is currently addressing the pending PSD2 EU regulation as it applies to retail payments and authentication.