Sponsored statement: Citi – Payments and money transfers by mobile phone: new business models will ‘mobilize’ money

Mobile phones represent the next big game changer in the payments industry.

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Tomasz Smilowicz, managing director, global head of mobile solutions,

Tomasz Smilowicz, managing director, global head of mobile solutions, Citi

Almost 7 billion people live on Earth. What’s more, they account for nearly 5 billion mobile phone subscriptions. It is safe, then, to anoint the mobile phone as one of the most commonly used communications devices in the world. Its power and its allure, however, extend well beyond enabling communications.

The overwhelming appeal of mobile devices, as those of us who are tethered to ours know, derives from the anytime, anywhere connectivity they provide for a wide range of activities.

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