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Mobile Money: The Exploding New Opportunity
By: Business Wire
Nov. 7, 2012 10:04 AM
The mobile money marketplace is continuing to grow worldwide, with more and more players jumping on board to reap the benefits, according to a new Market Vision report from Yankee Group. The report, “What’s Next for Mobile Money,” details the current state of the market and lays out Yankee Group’s ideas of how it will evolve in the coming years.
“Today’s mobile money marketplace—from mobile banking, payments and coupons to loyalty programs and connected retail devices—is a real-time lesson in Darwinism: a constant battle to adapt and survive,” said Principal Analyst Nick Holland, co-author of the report. “From mobile wallets that morph from device-based paradigms to cloud-based models and back again, to daily deals initiatives that soar to popularity only to crash and burn as retailers learn the lessons of social engagement and location, today’s mobile landscape is littered with once-promising-yet-struggling ventures (e.g., Groupon) and successes that are fighting to maintain their edge (e.g., Square).”
About Yankee Group
Yankee Group is the preeminent research and advisory firm equipping companies to profit in a mobile world. The core of our content is proprietary research and analytics on the attitudes, behaviors and usage patterns of mobile users. We provide a range of actionable data, insights and advice to marketing, strategy and product executives driving the mobility revolution in leading companies worldwide. Visit www.yankeegroup.com.
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