© FirstCo Technologies Pte Ltd., 2016-2017. All rights reserved. ||  FirstCOUNSEL Terms of Business

 Website Terms of Use ||  View our Legal Disclaimer

irstCOUNSEL Legal services Singapore

Please reload

Recent Posts

Listen to COO Linda Schindler on Asia Tech Podcast now!

May 7, 2018

1/6
Please reload

Featured Posts

Mobile Money: How Singapore Compares to the Rest of the World

October 11, 2019

Mobile money has changed the face of finance since the concept was pioneered in Kenya nearly 20 years ago.

 

We can broadly define mobile money as any monetary value stored on a mobile device, be it a feature phone or a smartphone, that can be used to make payments.

 

Thanks to increasing levels of internet access, mobile money now exists in every global market. There are currently 866 million mobile money accounts and $1.3 billion is transacted every day in 90 countries around the world. In South Asia alone, the adoption of mobile money has grown by 46% over the past five years.

 

Like other parts of the world, each market in Asia applies the technology of mobile money in a different way.

So what are these variable business models – and how do places like Singapore stand apart from other regions?

To answer this question, we need to go back to where this financial revolution began.

 

To read more, click here.

 

 

 

 

Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Search By Tags