Tuesday, June 23, 2009

GSMA Establishes Mobile Money Exchange

The GSMA, which represents the GSM industry, has kicked off a Mobile Money Exchange initiative with the aim of helping financial services companies who are entering the mobile environment, by providing a common voice and formal business forum for business collaboration. The ethos behind the formation of the Exchange is for best practice and innovations to be highlighted and shared, both across industry and inter-industry. The Mobile Money Exchange will feature an online knowledge portal with social business networking and community functionality designed to advise and serve the interests of the mobile money industry.

Visa and Globe Telecom are the first two founding partners of the Mobile Money Exchange.