How common are mobile money transfers by mobile and are they secure?

A number of different services around the world are offered from banks, mobile operators, and third parties that provide a service to transfer a balance from one customer’s mobile wallet, bank account, credit card to another mobile wallet, bank account or agent (cash or ATM) via the mobile phone. Mobile money transfers are becoming very common.

Juniper Research expects international mobile money transfers to top $65 billion by 2014. Many of these services promise security, but to keep your personal information safe, only use services that require a PIN, password, or one-time password to make transactions.

Rate this tip: 
  • My comment
  • Comments [0]

Add new comment

To prevent automated spam submissions leave this field empty.
By submitting this form, you accept the Mollom privacy policy.

No comments available

Related content

Focus [2]

N°33 Mobile Payment or Bust

Mobile Payment or Bust In London last year, two of the city’s finest mobile bloggers, Ewan MacLeod and Jon Choo, went head-to-head as they put London’s NFC payment infrastructure to the test. The f...

If you do not findthe answer you're looking for...

Ask your question