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Mobile cash market worth $7.9 billion by 2012

Phone companies are vying for the mobile-money business of nearly 2 billion people who lack access to banks, which could add up to $7.9 billion in sales for operators by 2012, according to the GSM Association (GSMA). GSMA forecasts that some 364 million unbanked handset owners will enroll in services that allow money transfers and [...]

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