Opinion on Mobile Payment #4: $600bn global remittance market is “terra incognita” for classic banks

In previous articles, I shared my opinion on the fact that mobile banking does not have a USP yet in developed countries. But there is an extraordinary one in a huge market (I mentioned the first CSP, Omantel alklowing for easy money transfers as the first one globally to allow banking business between private / residential users of their service as a notable exception from the rule). About a year ago, RBS and Barclays have been motivated to stop their remittance-business, due to lack in governance. The likes of Western… Read more Opinion on Mobile Payment #4: $600bn global remittance market is “terra incognita” for classic banks →