As emerging economies continue to pioneer the adoption of mobile banking, two leading mobile services providers, Clickatell and Fundamo, have partnered to deliver mobile banking solutions to financial services institutions to help fulfill what will become a US$5 billion opportunity in the next three years, according to McKinsey & Company.
The ubiquity of the mobile phone already offers banking customers of all demographics unrivalled convenience and security while also advancing un- and under-banked market by reducing the need for physical branch and even the Internet for online banking. As the number of mobile banking customers continues to skyrocket, banks, other financial services providers as well as operators are already reaping significant rewards.
http://www.earthtimes.org/articles/show/fundamo-clickatell-partner-to-deliver,924150.shtml
Fundamo envisages a future in which innovative technology and business models bridge the divide between the developed and developing, the digital and physical, and the mobile and financial worlds