| Homisco participating in the Mobile Money session at RCA 2011 Fall Expo in Las Vegas, NV |
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Homisco to participate in Mobile Money Session at RCA 2011 in Las Vegas.Bob Pomeroy of Homisco will be participating in the Mobile Money session at the Fall RCA Expo on Thursday, September 15 at 1:30 PM. Mr. Pomeroy will discuss successful international deployments, the parallels in the US, and the opportunity this segment of the community presents for rural carriers. Follow this link to request a meeting with Mr. Pomeroy at the show.
Mobile Commerce has emerged as a huge opportunity in both emerging and mature economies, offering huge financial, security, and convenience advantages to people with little or no access to traditional banking. In emerging markets with low penetration of consumer banking services, there are large populations of unbanked and under-banked consumers. Mobile operators in these markets are beginning to offer mobile payment services with tremendous success, facilitating huge volumes of low value monetary transactions while generating significant revenues from modest transaction fees. Even in developed economies, these markets are larger than many expect: in the US alone it is estimated there are over 20 million unbanked and 60 million under-banked people that use little or no institutional banking services. Today, these people rely on neighborhood check cashing, money transfer and same-day loan shops to assist them with financial transactions and help them manage their cash. Yet, a high percentage of these consumers use wireless phones.
There is a window of opportunity to bring low cost, secure payment services and the benefits of banking through a familiar device they know and trust – their mobile phone. This is a win-win-win scenario, generating ongoing transactional revenues for the service provider, secure low-risk transactions for merchants, and cost-effective access to financial services for credit impaired consumers.
Homisco’s Mobile Commerce (HMC) Suite enables mobile operators, virtual network operators (MVNO) or independent service bureaus to step into this space with proven technology. This is the same technology that powers the mobile commerce service that won the prestigious 2010 GSMA “Banking for the Unbanked” Award presented to Zain. Currently supporting daily financial transactions for over 12 million customers in six countries, HMC service will soon be available in 14 countries. Follow this link to learn more about Homisco's Mobile Commerce Suite.Click for more information about Homisco's other Carrier Solutions, including:
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