Mobile Payments: Three Winning Strategies for Banks

by SWIFT, 18 May 2012

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Banks should actively expand their mobile banking offering to target corporates, says SWIFT. Banks should partner with e-commerce companies to gain experience in mobile commerce.

With the development of mobile payment technology, corporates will also stand to benefit. CFOs considering mobile payment as part of their accounts receivables strategy should be aware that mobile payment trends will most quickly benefit developing countries with a low banking and high mobile phone penetration, such as Nigeria, India, Pakistan, Brazil, Mexico and Colombia.

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