Mobile banking is expected to be a big business in 2012 based on experiments and trials that wireless operators and members of the financial community are conducting today, according to a report released by IMS Research. The report estimates that 884 million users will conduct 62 billion mobile banking transactions in 2012.
A majority of the growth will come in developing countries, where mobile will be more available than typical banking infrastructure. Mobile is often the only means of access available.
Securely access and process financial transactions are requisites for the growth of mobile banking.
http://www.imsresearch.com/members/pr.asp?X=491
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