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Market Overview for mobile financial services:

“Globally, banks are being faced with a number of challenges in the mobile financial services ecosystem including tighter regulations and compliance, increased consumer expectations and the requirement for significant investment in infrastructure. Also, there are new players coming into the financial market offering a range of new and innovative services to consumers. This is an area well suited to banks but one that is yet to be maximised.

“Financial executives need to address these challenges now. They must accept that mobile is the future and prepare themselves to deliver sustainable, long-term mobile services to the mass market.”

Sirpa Nordlund, Executive Director, Mobey Forum

 

Industry articles with Mobey Forum contribution:

- Banking on Trust: the Role of Banks in the Mobile Payments Ecosystem

- Mobey Comments on contactless payments: 

- Paybefore.com Q&A with Mobey's Executive Director, Sirpa Nordlund

- Telecom Engine: Defining the mobile wallet and the control points in the mobile wallet

Market Overview

 

Mobey thinks…

Consumers trust their banks to deliver basic financial services and will extend this trust to mobile payments technology, particularly to services which they find convenient and familiar.

                        

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