Mobile Money, growing users in emerging markets

The number of users using mobile money systems (money via smartphones) in emerging markets will exceed 1.2 billion in 2025. This share will rise from today’s 980 million, accounting for 30% of all mobile phone users in emerging markets.

This is revealed in a report by Juniper Research.

Growth will be driven by the use of P2P and payment systems. But for this to happen, financial system providers such as banks, for example, need to partner to offer products that are sophisticated and therefore attractive.

Nick Maynard, one of the authors of the research, explains:

„The strong position of mobile money providers is threatened by the growth in financial literacy and smartphone penetration. Mobile money services must evolve rapidly, otherwise they lose importance. The platform-based payment model offers the opportunity for mobile money providers to become „super apps“, and agreeing partnerships now will be key to achieving this goal.

According to the research this could only be a first step, because afterwards users could learn how to use microfinance systems like this:

Microcredit;
Microsaving;
Microinsurance.
Research estimates that users of these services will grow from 227 million today to 336 million in 2025.

The more competitive the market becomes, the more providers will want to offer better services beyond simply sending and receiving money. Analysing user activity data will be critical to understanding user preferences and developing the best products.

What is mobile money
Mobile Money is the system that allows users to receive, store or spend money directly via smartphone. In an even broader sense, Mobile Money also means the control of one’s own money via smartphone. Mobile Money also includes the control of your current account via home banking app.

Mobile money is also referred to when using smartphone payment systems. (such as GooglePay or ApplePay). A similar service is for example WeChat Pay.

Mobile Money systems are very effective especially in emerging economies where unbanked people, who do not even have a bank account, live.

One of the first mobile money systems was MPesa. It was born in Kenya from Safaricom, a mobile company affiliated with Vodafone, and allowed you to send money via mobile phone, transforming the mobile phone connected to a sim card into a wallet. The service has since expanded into other markets.

Since 2007, the year MPesa was founded, the world of Mobile Money has been evolving, and as research shows, it is destined to grow further.

Translated with www.DeepL.com/Translator (free version)

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Bitcoin (BTC) hits the front page of the Wall Street Journal

The mainstream press had shown little interest in the new Bitcoin bull run (BTC), which has come close to its all-time high in recent days. But is that changing? The Wall Street Journal has indeed distinguished itself by posting the cryptocurrency on its front page yesterday.

Bitcoin (BTC) front page of the Wall Street Journal

The Wall Street Journal is one of the world’s benchmarks in terms of financial market analysis, but until then, it had not turned its gaze to Bitcoin. However, the Traders‘ Bible has changed course: yesterday it published a chart of the price of BTC , with an analysis of the reasons that propelled the cryptocurrency to its historic high:

The Wall Street Journal said that the Bitcoin has taken over 50% nothing that over the last month : a little performance equaled the world of traditional finance.

The institutions behind this breakthrough?

As for the reasons for this craze, the publication indicates that the arrival of heavy investors may have allowed BTC to explode. Renowned investors Paul Tudor Jones and Stanley Druckenmiller have both expressed their enthusiasm for cryptocurrency. The latter had even explained:

“Frankly, if the gold bet works, Bitcoin will perform even better because [its market] is smaller and it’s less liquid. “

The funds entrusted to Grayscale , an asset manager for institutional investors, also show this change. A few days ago, we learned that Grayscale now managed 500,000 bitcoins … or $ 8.4 billion, or 2.4% of the supply in circulation. The arrival of Bitcoin on the pages of the Wall Street Journal could therefore create a new wave of investments.

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Sedi ATM Bitcoin disponibili in 72 paesi

  • Le sedi ATM Bitcoin si estendono fino a 72 località.
  • Gli Stati Uniti sono in testa con 9255 sedi.
  • Il Canada è solo un altro paese con oltre 500 sedi ATM Bitcoin.

Gli ATM Bitcoin sono ora un concetto mainstream, e per quanto la criptovaluta diventi mainstream, le sedi ATM Bitcoin stanno diventando sempre più importanti. Finora, ci sono circa 56 produttori di Bitcoin con ben 11500 ATM Bitcoin in tutto il mondo. Il re della crittovaluta sta anche accelerando fino al 12° compleanno del 31 ottobre 2020

Sedi ATM Bitcoin in 72 paesi

Finora, ci sono 72 paesi sparsi in tutto il mondo con sedi ATM Bitcoin attive. Gli utenti e possono acquistare e vendere Bitcoin e altre valute crittografiche in questi punti. Nonostante le forti preoccupazioni normative, gli Stati Uniti continuano a guidare il numero di ATM Bitcoin, seguiti da Canada, Regno Unito, Austria, Spagna e Svizzera. Ognuno di questi paesi ha almeno 100 ATM Bitcoin presenti.

United States 9255 locations
Canada 928 locations
United Kingdom 291 locations
Austria 150 locations
Spain 108 locations
Switzerland 102 locations
Poland 82 locations
Italy 67 locations
Czech Republic 65 locations
Hong Kong 59 locations
Colombia 57 locations
Greece 54 locations
Romania 53 locations
Russian Federation 50 locations
Hungary 49 locations
Slovakia 38 locations
Germany 37 locations
Netherlands 31 locations
Belgium 26 locations
Georgia 23 locations
Ireland 23 locations
Ukraine 23 locations
Australia 20 locations
Panama 18 locations
Dominican Republic 16 locations
Slovenia 15 locations
Argentina 13 locations
Bulgaria 13 locations
France 12 locations
Finland 11 locations
Taiwan 11 locations
Mexico 10 locations
South Africa 9 locations
Singapore 8 locations
Thailand 8 locations
VietNam 8 locations
Puerto Rico 8 locations
Estonia 8 locations
Israel 6 locations
Serbia 5 locations
Croatia 5 locations
Liechtenstein 4 locations
Philippines 4 locations
Peru 3 locations
Bahamas 3 locations
Chile 3 locations
Portugal 3 locations
Kazakhstan 3 locations
Kosovo 3 locations
Costa Rica 2 locations
Guam 2 locations
Latvia 2 locations
Lebanon 2 locations
Bahrain 2 locations
Ghana 2 location
Turkey 2 locations
United Arab Emirates 1 location
Venezuela 1 location
Uganda 1 location
Anguilla 1 location
Saudi Arabia 1 location
San Marino 1 location
Saint Kitts and Nevis 1 location
Norway 1 location
Nigeria 1 location
Lithuania 1 location
Kenya 1 location
India 1 location
El Salvador 1 location
Ecuador 1 location
Djibouti 1 location
Botswana 1 location
Barbados 1 location
Aruba 1 location
Zimbabwe 1 location
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