FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Use the Ten Principles of Value Investing to spot value stocks in the oversold market
by EquityChamp Today at 5:44 pm

» HATTON NATIONAL BANK PLC
by ADVENTUS Today at 4:22 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Today at 4:19 pm

» GLAS will be winner with Super Gain.
by Eranga87 Today at 4:15 pm

» CSE - The World's best performer!
by samaritan Today at 4:14 pm

» The strong learn to hang in there and keep bouncing back until they win. Stock market for beginners
by Asoka Samarakone Today at 4:04 pm

» Everybody talks about huge selling. That means there are buyers in the market to buy these shares. Stock market for beginners
by samaritan Today at 4:00 pm

» SHOESHINE BOYS!
by Bakkabwoi Today at 2:36 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by stockie Today at 1:33 pm

» CSE - Market status
by stockie Today at 1:06 pm

» DIPD/HAYC/HAYL
by arun.cse Today at 11:31 am

» Guardian Investment Trust (GUAR) could Sky Rocket
by RJ1010 Today at 9:41 am

» CB to continue the current accommodative monetary policy stance
by samaritan Today at 9:18 am

» PANASIAN POWER PLC (PAP.N0000)
by vijay singh Today at 2:26 am

» Maharaja's Advice
by madukp Today at 1:17 am

» Millennial Capital Youtube Channel
by MillennialC Yesterday at 11:54 pm

» Personal Loans in Sri Lanka from Hatton National Bank
by onenine87 Yesterday at 8:34 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:51 pm

» Has the CSE reached the peak actually in January?
by FireandWater Yesterday at 6:10 pm

» WindForce Limited IPO
by ishanel2007 Yesterday at 5:44 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Africa, Asia lead 'mobile money' boom

Africa, Asia lead 'mobile money' boom

Go down  Message [Page 1 of 1]

1Africa, Asia lead 'mobile money' boom Empty Africa, Asia lead 'mobile money' boom Fri Mar 01, 2013 9:45 am

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

BARCELONA: Africa and Asia are leading a global boom in the use of "mobile money" as millions turn to their mobile phones instead of coughing up cash or handing over credit cards.

In 2012, more than 30 million people were actively using mobiles to make payments, according to an industry study released Wednesday at the world's biggest mobile fair held from February 25-28 in Barcelona, Spain.

The study by the mobile operators' industry association, GSMA, found there were more mobile money accounts than traditional bank accounts in Kenya, Madagascar, Tanzania and Uganda.

In a single month, June 2012, more than 30 million people worldwide undertook 224.2 million transactions totalling $4.6 billion (3.5 billion euros), said the report, based on a worldwide survey.

The pace of activity exceeded the 196.3 million transactions performed by PayPal customers on average each month in the third quarter of 2012, it said.

Providers offered 150 mobile money services for people without banks, 41 of which were launched in 2012.

There were 56.9 million registered mobile money customers in sub-Saharan Africa, the study said. In June 2012, there were twice as many mobile money users as Facebook users in the region.

Mobile money's success is based on the fact that the number of mobile phone owners far exceeds the number of people with bank accounts. Sending money can be as simple as sending an SMS text message.

In Indonesia, mobile phone penetration is 106 per cent, meaning there is more than one phone for each person in the population, while only 20 per cent of the population holds a bank account.

According to Fundamo, an offshoot of global payments giant Visa, some 1.7 billion people worldwide have a mobile device but no bank account and are "economically active".

Originally dominated by banks, newcomers including mobile operators have been lured to the market, notably Safaricom's M-PESA service, which launched in Kenya in 2007 and now claims 15 million users.

The M-PESA service has a network of 50,000 agents including shopkeepers, allowing a city worker for example send to money home to a remote village or to put money aside in savings without opening a bank account.

In September 2012, 19.3 million people in Kenya were signed up to mobile money services, with nearly two billion euros deposited, according to the Kenyan telecommunications regulator CCK.

"The mobile money transfer service has become a key payments and transaction tool, mainly due to its easy use of applications, convenience and low cost value propositions," CCK said.

M-PESA, also present in Afghanistan, South Africa, India and Tanzania, now faces competition in Kenya from rivals including Orange Money provided by France Telecom offshoot Telkom Kenya, Paga, AirtelBSE -0.63 % Money owned by Airtel Kenya and yuMobile offered by Essar Telekom.

Aletha Ling, chief operating officer at Fundamo, said the sector's future growth would depend on the players reaching a certain scale and on the various standards being able to work together.

With its "Visa Mobile Manage Service", Fundamo lets banks or telecommunication operators offer mobile money to customers without having to develop their own technology, she said.

"We think it's going to be an acceleration point," Ling said, noting that the company had recently signed deals with one bank in India and two others in Rwanda.
http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/africa-asia-lead-mobile-money-boom/articleshow/18715090.cms

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum