I was just browsing for updates on mobile banking and found a link to this article on PaymentsNews. The article "Just Put it on My Phone" was written by Olga Kharif and covers recent announcements from Western Union, Amazon.com, Firethorn/CitiBank, Obopay/Yes Bank, and many more.
In addition, the article quotes Matt Dill (GM - Western Union Mobile) on the power of mobile commerce. He states, "It does transform our available market...There's a new customer base out there, one that's interested in moving money for different reasons."
I had the pleasure of meeting Mr. Dill at an Aite conference last fall and was very impressed by his knowledge of the market. I assure you - Western Union will be force to reckon with and not simply because they have 300,000 locations worldwide.
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