Press ReleasesTechnology Worldwide Mobile Money Transfers To Hit $10bn - By California RealEstateRama - November 11, 2013 Visual Text WASHINGTON, D.C. – November 11, 2013 – (RealEstateRama) — Sending money internationally is big business. Companies of all sizes need to send payments to employees, contractors and suppliers across the globe. Individuals here ay want to send money to family members worldwide. There are multiple reasons to transfer money across international borders, and the perennial challenge for senders is how to keep costs to a minimum, creating opportunities for businesses like <a href="https://www.transfast.com/" target="_blank">Trans-Fast</a>. With mobile technology now playing an increasingly critical role in all facets of our lives, mobile money transfers are becoming ever more popular, as an effective way to send money overseas at low cost.<span id="more-2773"></span></p> <table width="100%" cellpadding="0" cellspacing="7" border="0"> <tr bgcolor="#FFFFF1"> <td width="35%" align="center"> <h5><font color="#D50000">Trans-Fast in</font></h5> </td> <td width="28%" align="center"> <h5><a href="http://www.ifossick.com/multiple-search/usa/media/US-National/Trans-Fast.html" target="_blank"><font color="#3300FF">National News</font></a></h5> </td> <td width="27%" align="center"> <h5><a href="http://www.ifossick.com/multiple-search/usa/media/Social/Trans-Fast.html" target="_blank"><font color="#3300FF">Social Media</font></a></h5> </td> </tr> </table> <p>According to research conducted by <a href="http://www.juniperresearch.com/" target="_blank">Juniper Research</a>, the total value of transactions being processed through mobile smartphones is set to reach $10bn this year. By 2018, the number of mobile users sending payments through their phones was forecast to exceed 400 million worldwide. At present, market share is divided between just a few key players, as a consequence of the barriers to entering the market.</p> <p>In order to allow worldwide transfers, providers are required to adhere to strict regulatory protocols. Windsor Holden, the author of the study from Juniper Research, said that the complexity of regulation at present was holding this market back from realizing its true potential.</p> <p><img title="Worldwide mobile money transfers to hit" src="http://realestaterama.com/files/2013/11/worldwide-mobile-money-transfers-to-hit-10bn1.jpg" alt="" /></p> <p>“Service providers must first obtain licenses for each remittance corridor,” he said. They face due diligence and risk assessment checks, which may in turn oblige them to introduce additional mechanisms to address any issues which emerge. All these processes are time consuming and expensive.”</p> <p>Mobile money transfers are already a more cost-effective way of sending payments than more traditional routes. Rather than wiring through the bank, which can attract substantial fees, or incurring the costs of sending money through a physical transfer service, customers choosing to use mobile can benefit from a lower overhead footprint. This translates into cheaper transfers. But it is not just the cost that is proving a factor in the popularity of mobile transfers.</p> <p><img title="Worldwide mobile money transfers to hit" src="http://realestaterama.com/files/2013/11/worldwide-mobile-money-transfers-to-hit-10bn2.jpg" alt="" /></p> <p>The convenience factor is another major reason people are turning to mobile transfers. At present, the other options are considerably less convenient. With physical payment bureaus you have to attend in person to complete the transfer. With bank transfers, you may have to phone the bank, or visit a branch in order to send the money. But with mobile payment options, the money can be sent from your pocket, to anywhere in the world. The speed and convenience of this service is in large part responsible for the growth of this market in 2013. The near term future for mobile payments looks increasingly optimistic.</p> <p>Sending money overseas is something many people do on a regular basis. But with mobile now taking an increasing share of the market, the convenience and cost-efficiency of sending money has dramatically improved. This has already made life easier for those who send frequent transfers. As the technology becomes even slicker, and more mobile users switch on to the benefits of sending money via mobile channels, it looks set to continue to grow in importance.<br />+</p> <!-- A generated by theme --> <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || 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Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans </div> </div> </div> <!-- ./td-block-span12 --> <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/flood-protection-and-water-storage-ID09937.html" rel="bookmark" title="Flood Protection and Water Storage">Flood Protection and Water Storage</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-04T03:31:39+00:00" >July 4, 2019</time></div> </div> </div> </div> </div> <!-- ./td-block-span12 --> <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> <!-- ./td-block-span12 --> <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> <!-- ./td-block-span12 --></div></div> <!-- ./block 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