The Daily Dose

This post is part of a new series titled, ‘Future of Communications,’ and is brought to you by Nexmo.

Online banking, mobile banking and mobile payments have grown sporadically over the last decade. The mobile wallet started in 2000 with the introduction of Smart Money in the Philippines, the world’s first electronic cash card linked to a mobile phone. Since then, mobile payment services have proliferated in a number of emerging markets, such as Kenya and Pakistan. Innovations in developed markets are gathering pace. This is propelled by near field communications-enabled (NFC) smartphones, the growing usage of mobile wallets and hardware- and app-based innovations, like Square and PayPal. With new developments in this space, the value and volume of…

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