"Brandon McGee, Industry Insider, Mobile Banking Guru...He is not only the real deal, a genuine industry insider, but also knows exactly what's on the minds of financial service pros as they contemplate the various mobile options." - Jim Bruene, Publisher & Founder, Online Financial Innovations

"Going Mobile. Local executive carves niche as national expert on fast-growing banking-industry technology trend" - Scott Olson, Indianapolis Business Journal (IBJ)

"Brandon McGee, the industry's unofficial ambassador for mobile banking" 

Tuesday, February 21, 2012

International Mobile Banking Updates - Feb 21

Standard to expand African mobile services
"STANDARD Bank plans to expand its cellphone banking and payment services in Africa to tap into a growing middle class that is expected to fuel one of the highest growth rates among emerging markets. The bank, which already dominates in processing mobile transactions in SA, would use a mobile payment platform developed locally but which would be tailored to meet the unique conditions of various markets on the continent."

FNB's mobile money solutions a hit across Africa
"Mobile banking is taking off in Africa, with FNB recording a 150% jump in transaction growth for its cellphone banking service and 1,384% growth for eWallet for the month of December 2011 when compared to the previous December. The bank's customers conducted 2.4 million cellphone banking transactions during December 2011 in Botswana, Namibia, Zambia, Swaziland and Lesotho, to the value of R214 million as compared to R986,000 transactions in December 2010."

The Rise of Mobile Banking in the UK
"In the UK, the number of smartphone users accessing a bank account via their device has increased by 86 percent over the past year. In the three month average ending December 2011, over 4.8 million smartphone users accessed bank accounts on-the-go, compared to 2.6 million in December 2010."

Africa sprints ahead with mobile banking
"With all the right ingredients for a successful banking on-the-go eco-system to develop, Africa is the leading the way in mobile banking. Visa's 2011 US$110 million purchase of South African mobile financial services infrastructure provider, Fundamo, certainly let the cat out of the bag. While most of the world might still be feeling their way around mobile banking, many African countries are making giant strides forward in this space and it seems likely that this is where mobile banking models are going to evolve."

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