The Revolution of Mobile Financial Services</h1> <article> <h1>The Revolution of Mobile Financial Services</h1> <p>MySolutionSpot Editor — Fri, 12 Sep 2008 20:42:38 GMT</p> <p>Mobile banking and payments could revolutionize the financial sector the same way that the ATM did, according to a January <a href="http://www.juniperresearch.com/index.php">Juniper Research</a> report "Mobile Financial Services: Banking & payment markets 2007-2011."</p> <p>By 2011, Juniper predicts 612 million worldwide mobile phone users will generate over $587 billion worth of financial transactions.</p> <p>Of that total, mobile payments are expected to generate $22 billion worth of transactions by 2011, through 204 million mobile phone users. </p> <p>Juniper sees enormous potential in giving consumers the freedom to bank and make payments from their mobile phone. </p> <p>"A combination of increased user demand and a desire from all sections of the MFS ecosystem to deliver intelligent applications and services has created an atmosphere that is both creative and pragmatic," says report author Alan Goode.</p> <p>Article Source: <a href="http://www.emarketer.com">www.emarketer.com</a></p><div style="clear:both;"></div> </article> </main></body></html>