| NOTAS: | Part 1: NFC Mobile Payments. - Part 2: Financial Inclusion Enabler
Part 1: "Mobile money refers to financial transactions and services that can be carried out using a mobile device such as a mobile
phone or tablet. These services may or may not be linked directly to a bank account. Previously, recharging your mobile
meant adding more airtime but now increasingly you will be able to add money to it, keep all your credit cards and loyalty
coupons, access your bank account and use it like your ordinary wallet for payments. Innovations in mobile money
could lead to a drastic change in the way people pay for goods and services in the near future. This report surveys and
analyses the innovations in the mobile payments landscape and their likely impact on future standardization activities.". - part 2: "Low levels of financial inclusion represent a barrier to socio-economic development in developing countries.
Mobile money can be a game changer for the poor and an enabler for financial inclusion in developing
countries. This second part of the report on mobile money considers innovations driving mobile money transfer
applications in developing countries and how these are contributing towards achieving the goals of financial
inclusion. This report also reviews the technical standards behind securing mobile money transfer services." |
