payment-news-march-2

Payment news, March 2

Mobile banking expands in Asia, while payment security is improved in India and at the Bank of Taiwan.

195 million mobile banking users predicted in Asia

The majority of mobile banking subscribers in the world are located in Asia-Pacific, with India leading the way, according to a recent survey by market intelligence firm ABI Research. The firm found that last year there were 52.2 million mobile banking subscribers globally with the lion's share in Asia, said Mark Beccue, ABI Research senior analyst. He predicts that, by 2015, Asia-Pacific will account for 195 million of the 407 million mobile banking subscribers.

Beccue defines mobile banking this way A bank must be involved in the equation. Other financial services, particularly mobile person-to-person payments provided by mobile operators that do...

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