Mobile money transfer to fall 50% by contraction in migrant workers

The contraction in migrant workers will impact the mobile money transfer market by 50 per cent by 2011, says a new market study from Juniper Research. The report claims that the rapidly changing economic downturn is forecast to have an immediate impact on the gross value of mobile money transfers, with the market in the worst case scenario reaching US$73 billion by 2011. This is some 50 per cent less than previously forecast, although strong growth overall is still expected in the long term, says Juniper. Article