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In Latin America, operators' income from mobile transactions will exceed US$18bn between 2011 and 2015, according to a Signals Telecom Consulting study.
The study highlights that Mexico and Central America have positioned themselves as the main markets for receiving remittances via mobile networks. Brazil, Colombia and Ecuador will have the greatest potential to see growth in mobile payment and transfer services for remittances.
The data comes from Signals Telecom Consulting's second edition of its study "Mobile Market Transactions: Banking, Payments and Money Transfers in Latin America."