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How will international growth of mobile money transfers impact UK retailers?

According to a report by Juniper Research released today exploring mobile money transfer, developing countries are witnessing unprecedented numbers of mobile subscribers within two or three years from launching a mobile money transfer service.

Some developing regions will achieve one in five money service users over the next two years, said Howard Wilcox, senior analyst at Juniper Research.

Juniper also predict international mobile money transfer users will more than double by 2013, driven by migrant workers.

Speaking to Wilcox, he said, while there is no direct correlation between developing countries and the UK market, the report shows that mobile commerce is continuing to grow rapidly, as is the importance of mobile transactions in retail situations.

UPDATE: Download the report, titled Mobile Money Transfer & Remittances: Markets, Forecasts & Vendor Strategies 2011-2015, here.

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