Study: 80 million users by the “mobile banking” in the region by 2017




Visa expects that the number of users of these solutions globally to half the total number of financial transactions by 2020.

Experts predict that jumps users by the “mobile banking” Mobile Banking in the Middle East and Africa from 19.8 to 82.1 million users by the year 2017.

She said Gemalto Gemalto digital security specialist, said that over the past five years have seen tremendous growth of the developed world in mobile technology, and the company noted that the emerging markets are also potential not only in traditional banking solutions, but also in manufacturing finance.

So in order to help mobile users to find their way in this area, Gemalto has issued a guide to payment via mobile devices, called “2013 Gemalto Netsize Guide”, will provide users, telecommunications companies, banks, credit card companies and merchants alike, visions they need in this area.

In this regard, “said Mohammed Anis my Union, Regional Director of sales at Gemalto, is expected to increase income to pay bills via mobile devices around the world by 2017 to 13 billion dollars, adding that the popularity of smartphones describes the extent of the use of mobile data, so the directory to provide a deeper security Sira in portable devices, privacy, social commerce, while focusing on the concept of portable electronic portfolios, online payment applications, transfer funds, and pay bills through mobile communication companies, in addition to technical Near-term NFC communication.

The proliferation of smart phones and Internet access give mobile devices the psychological value in terms of the possibility to complete purchases, banking, trade, and payments from individual to individual. The customers use cell phones to enjoy the services provided by companies and other communications firms, a golden opportunity for profit by providing services needed by customers.

According to the research company “gionibr” number of Juniper conducted financial transactions through mobile devices in the Middle East and Africa over the past year 2012 to 11.9 million, and experts believe that mobile devices these days are a vital form of communication, where Visa Inc. has estimated that by 2020 will be the mobile payment of half the total number of financial transactions.
Related topics:

Middle East,
Mobile banking,
Smart phones


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