Juniper Research that usually provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary, presents a new analysis of the rapidly evolving market for money transfer and remittances via mobile phones. According to the research 100m users globally will use their mobile phones to make international money transfers by 2013.

Report author Howard Wilcox explained: "The vast increase in migrant workers globally has fuelled the number of remittances being sent home to friends and families regularly. 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 emphasises the importance that is attached to this across the mobile industry as a whole."

The Sourcewire provides the following, submitted by Juniper Research:

• Mobile international transfers are forecast to grow in frequency as users become more accustomed to the process, exceeding one per month by 2013 on average globally.
• The opportunity for companies providing national and international money transfer services is forecast to exceed $5bn by 2013.
• The top 3 regions (W. Europe, N. America and Africa & Middle East) will represent over 75% of the global international mobile money transfer gross transaction value by 2013.

The report provides a very interesting six year regional forecasts of mobile money transfers and remittances, also data on subscriber take-up, transaction sizes and volumes for both national and international transactions. But in addition too the positive consequences of the new service there are some details that the report identifies as the incremental ARPU opportunity for mobile network operators.


References:
www.juniperresearch.com
http://www.sourcewire.com/releases/rel_display.php?relid=LQAXQ