Smartphone uptake boosts mobile banking
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.