Welcome to the Mobile Money Transactions Blog
Welcome to our new blog! Over the coming weeks and months we hope to provide useful information and our vision for the exciting new world of mobile money.
Mobile money is one of the fastest growing market segments within the wireless space, with the GSMA estimating it at a greater than $5 Billion global opportunity by 2012. However, with the growth of this market, particularly in unbanked areas of the world, operators are faced with numerous hurdles when it comes to delivering these services, including smart utilization of existing infrastructure and merchant distribution networks, fraud prevention, audit ability, and interoperability and compliance with existing financial systems.
According to a recent article from The Economist:
Once the toys of rich yuppies, mobile phones have evolved in a few short years to become tools of economic empowerment for the world’s poorest people. These phones compensate for inadequate infrastructure, such as bad roads and slow postal services, allowing information to move more freely, making markets more efficient and unleashing entrepreneurship. All this has a direct impact on economic growth: an extra ten phones per 100 people in a typical developing country boosts GDP growth by 0.8 percentage points, according to the World Bank. More than 4 billion handsets are now in use worldwide, three-quarters of them in the developing world. Even in Africa, four in ten people now have a mobile phone.
Telepin’s team provides mobile transaction infrastructure software, providing mobile operators the most efficient and cost-effective way to control their distribution network, maximize revenues from mobile financial services, and deliver innovative mobile financial applications. Our Cayman Transaction Platform enables a full suite of electronic, transaction-based applications for mobile subscribers to recharge their mobile airtime without the use of physical cards or vouchers, facilitate P2P money transfers, allow for electronic bill payments, and more, using multiple channel interfaces.
Our customer base includes successful deployments with tier-one operators in the Middle East, Africa, and the Americas.
We look forward to talking with you about our vision for mobile money – we hope you’ll visit us often, and join in the conversation!