SMS Payments Hold Very High Economic Potential for Mobile Money Market, says TMR

ALBANY, New York, Jul 13, 2016 (PR Newswire Europe via COMTEX) — ALBANY, New York, July 13, 2016 /PRNewswire/ —

Where themobile money market [http://www.transparencymarketresearch.com/mobile-money-market.html ]has hitherto been dominated by companies such as Fortumo OUE, Boku, Inc., WePay, Inc., Square, Inc., and Paypal, the competition is building up dramatically with the advent of new players such as Dwolla, Inc., Bango.net, and Judo payments. According to Transparency Market Research (TMR) , the market leaders controlled by about 40% of the global mobile money market in 2015.

The way ahead for companies wanting to fortify their presence in the market, evidently, is via acquisitions and by developing feature-rich products and services. With more small- and medium-sized enterprises seeking convenient and secure mobile payment options, companies such as Fortumo OUE are expected to strengthen their foothold in the market. “Companies’ future strategy, in the short term, will largely be

Article source: http://www.marketwatch.com/story/sms-payments-hold-very-high-economic-potential-for-mobile-money-market-says-tmr-2016-07-13-82033141