11 services have more than a million registered customers each.
The GSMA's 2011 Global Mobile Money Adoption Survey quizzed 52 mobile money service providers across 35 countries and revealed:
* 60customers have registered for mobile money
* 11 services account for 85 per cent of the registered customers
* Three of the eight fast-growing services identified are offered by operators with less than 25 per cent mobile market share in their country
* Participants in this survey include almost 264,000 mobile money agents, 22 per cent more than in December 2010
* Nearly 142m transactions were processed of which 29.8m were payments such as P2P transfers, bill payments, and bulk payments
* 68 per cent of functional transactions processed were airtime top-ups with 27 per cent of payments being P2P transfers,
The survey was conducted by the GSMA's MMU programme, whose aim is to help operators share best practices around mobile money deployments that serve unbanked clients.
A complete analysis of the results of the survey is available at http://www.mmublog.org.
Meanwhile, GSMA has also bagged $9.8m for unbanked programme. Investors include the Bill & Melinda Gates Foundation, the MasterCard Foundation and Omidyar Network.
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