NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, January 14, 2014

The Global Mobile Wallet Market Report 2013 by Research and Markets says a large number of unbanked consumers do not have proper access to financial services provided by financial institutions.

“Mobile wallets provide banking services and financial management at affordable prices and help consumers in managing their accounts. As a result, the mobile wallet industry is witnessing a boost in its revenue,” the report said.