The mobile payments market got a major boost in April from the launch of the first commercially available near field communication (NFC) deployment in Asia.
Burgeoning consumer demand is driving new entrants into the mobile arena, including a key player in social banking.
Western Union and VeriSign are putting their weight behind mobile bill payment in collaboration with an auto financing company to extend the reach of mobile financial services to underbanked consumers.
Activity in the mobile banking market is picking up after the contract drought of the fourth quarter of 2008 as vendors chart a course for 50% growth in 2009.
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