Monday, June 1, 2015

Carriers should partner with banks on mobile financial services

CANCUN, Mexico – To make mobile financial services succeed requires a win-win partnership between banks and mobile network operators, because assets from each one are needed.

On one side, banks contribute with regulatory compliance, an existing financial network and infrastructure and strong recognition, while mobile network operators deliver wide distribution networks, mobile network infrastructure and a customer base.

The growth of mobile financial services will come as finance, retail and communications converge.

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