MOBILE PHONE PAYMENTS’ MONEY LAUNDERING VULNERABILITIES CAN BE MANAGED CLAIMS INDUSTRY
January 1st, 2011
BY ALAN OSBORN
AN UNSURPRISING feature of the growth in mobile financial services in recent years has been its concentration in developing countries where rural areas can be sparsely populated and conventional financial services like banking are undeveloped. By contrast, mobile phone use is relatively cheap and widespread: one widely-used estimate is that there are now more than 3 billion mobile phones in existence compared to less than a billion bank accounts. A 2010 report by Juniper Research predicts that the total value of mobile payments will rise almost ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.