Mobile banking could help to serve the 3 billion people who currently have no access to financial services, according to the World Bank. Mobile Banking & Money Transfer services are being launched both in developed and developing markets. In developed markets, banks are trying to replicate the Internet Banking experience customised for the mobile user while in developing markets, banking and money transfer services are being offered using basic messaging technologies such as SMS & USSD.

According to the World Bank, global money transfer transactions worth over $400 billion were processed in the year 2008. The ability for consumers to use their mobile phones to transfer money is expected to significantly accelerate growth of the overall money transfer market. Wireless Expertise can help banks and financial institutions develop a global mobile banking and money transfer product strategy by integrating the different elements of the telecommunications and banking value chain.