Mobile Banking Development in Japan

Major retailers/manufacturers issue credit cards that can be registered for mobile payments

JUL 04: Largest mobile operator NTT deployed Sony contactless IC so bank account number/balances with PIN & credit account. Those mobiles used at vending machines & POSs

Banking Sector Report 2010: Mobile Technology

Below is the cover story of the Business Monthly Magazine published by American Chamber of Commerce in Egypt in July 2010. It is titled "Conservative Frameworks, New Opportunities" and it starts with "The government and banking sector consider how best to meet the challenges of a rapidly changing financial environment".
Let's go through the report that was prepared by Tamer Hafez:

Egypt’s banking sector was largely insulated from the worst of the 2008 financial crisis, and the Central Bank of Egypt (CBE) has been widely credited for preventing the use of complex instruments such as financial derivatives and currency margin trading.

Fast forward to 2010 and questions emerge as government and financial leaders look ahead. Should the country maintain its longstanding conservative regulatory environment? Or will investors’ appetite for emerging markets and the rise of sub-Saharan African nations as viable competitors dictate the retooling of the Egyptian banking system to encourage expansion?  

The unbanked

Mobile Banking Development In the United States (US)

2002: The US-based Wells Fargo started m-Banking but operations cut after 2500 signed within 18 months!

2007: m-Payments are initiated via internet access or via text messaging. PayPal provides the latter.

2007: Complex financial institutions, card networks, MNOs and IT vendors resulted in challenges.

2007:m-Banking offers started. Some were partnerships between MNOs & service providers [AT&T w/Firethorn][Nextel w/mFoundry]. Some providers of m-Banking enabling apps that neither carrier- nor device-dependent

2007 Consumers: can check account balances, pay bills, transfer funds and locate ATMs all from mobile devices.

Mobile Banking Business in Afghanistan

Mobile banking business in Afghanistan has only one player which is M-Paisa.

With M-Paisa you can:

Deposit Cash: put money into an M-Paisa account

Withdraw Cash: take money out of an M-Paisa account

Send and Receive Money: send money to family, friends or business partners and receive money from the mentioned parties.

Receive and Repay Loans: you can receive and repay a loan from FMFB (1st Micro Finance Bank) For clients of participating MFIs

Buy Airtime: refill prepaid airtime or purchase Roshan credit.

Receive Salaries: you can receive your salary if you are an employee of participating companies.

Mobile Banking Development South Korea

SK Telecom is a mobile operator in South Korea with innovative mobile banking solutions

Facts from South Korea:
Mobile-based transactions cost 20% of what face-to-face transactions do
Advanced wireless infrastructure

Cell phones owners are greater than computers owners

2002: Largest two mobile operators SK & KTF each launched post-pay mobile infrared pay programs, Moneta & K-merce.

Problems were: Poor usability – POSs weren’t – mobile operators demanded high share of transaction card issuer’s revenue