Article
With the number of mobile phone subscribers skyrocketing, mobile banking is fast becoming a channel that no banker can afford to ignore. Experts predict that the number of mobile phone subscribers worldwide will jump to three billion by the end of 2007 from roughly 2.2 billion at the start of the year, especially from emerging markets such as India, China, Africa and Latin America. The channel will be especially important in emerging markets where its ubiquity offers potential to the bank that understands how to harness it the most.