The Future of Mobile Banking, Part II

Following on my earlier reflections on the growth of mobile banking in the developing world, two more hits on the future of mobile money:

- Gartner tells us that in 2012, the most popular consumer mobile application will be mobile money transfers. Number six will be mobile payments. I, for one, cant wait until I can pay for lunch with the press of a button on my phone, and have my friends immediately reimburse me for their meals using their mobiles. Yum.

- In a similar vein, Juniper Research anticipates that, by 2014, the mobile money transfer market will be worth $65 billion-- and it will be driven primarily by remittances sent by migrant workers sending money from developed countries home to developing countries.