Smartphones Not Required – Mobile Money On Feature Phones Is Hot In Emerging Markets

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http://techcrunch.com – Mobile money is a big deal in emerging markets. When a farmer can simply SMS payment for a cow or two people can transact business by swapping airtime, that changes the entire dynamics of an economy. So it’s little surprise that some research just out today indicates how big the market is going to be. And it’s all done on plain old feature phones. Berg Insight reports that the number of active mobile money users in emerging markets is forecasted to grow from 61 million in 2011 at an annual growth rate of 36 percent to reach 381 million by 2017. The most successful mobile money ser (IT news)