Money Transfers to Become Hottest Mobile App, Says Gartner

Money transfers and payments over mobile phones will be among the top 10 most important mobile applications by 2012, market research company Gartner said on Wednesday, reports PC World.

Mobile money transfers top the list, beating out location-based services, search and browsing.

"It's a way for users who don't have a bank account to get access to financial services," said Sandy Shen, of Gartner's.

Mobile payments came in sixth place on Gartner's list and will be used in both developed and developing markets, according to Shen.

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emily | 3:41 PM | SMS and Banking |
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