Wednesday, February 23, 2011

Mobile Banking Gets Investment

Hannes van Rensburg, the CEO of Fundamo, a South African firm that has built 50 mobile payment systems for operators in Uganda, Pakistan and others, says margins on mobile payment projects are much more attractive in emerging markets.

"In the U.S. and Europe, you have to compete with the established credit card system, which is already very efficient," he said. "There is more money to be made in emerging economies."

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