TowerGroup, an industry research firm reported recently that 3 million people used mobile banking in the past 90 days as of June 2008. That number almost tripled the number of people who used it six months earlier.

Bank of America alone has 1.2 million bank users. In Australia, the number of mobile phones subscribers now outnumbers the population of the entire country.

The opportunities for mobile financial services are truly endless.

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Name: John McVey Title: Principal, Telecom Practice Company: DonRiver, Inc. View John McVey's Blog