November 23, 2016
Mobile money is one of the most exciting innovations in financial services, with more than 400 million registered consumer accounts across over 90 countries, said John Giusti, Chief Regulatory Officer, GSMA. While today mobile money services are largely used for domestic transactions, international transfers represent the fastest-growing segment of mobile money services.
GSMA took up a task to assess the role of mobile money in democratizing international remittances and driving financial inclusion in the developing world. A few weeks ago, the organization published a report called