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| Category |
Business: Telecommunications
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| Category 2 |
Business: Telecommunications
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| Category 3 |
Business: Financial
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| Contact |
Knowledge Village
Dubai
UAE
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| Description |
The new Wages Protection System in the UAE, which will have a staged implementation between 30th November 2009 and 31st May 2010, mandates that all private companies will have to pay workers’ wages via a bank or another approved financial institution. With approximately 2 million immigrant workers in the UAE without bank accounts, the potential opportunities are enormous for mobile operators.
The mobile payments market, where mobile customers can pay for goods and services with their mobile phones is additionally becoming a rapidly increasing market with mobile operators across both developed and undeveloped markets looking to exploit this opportunity to create brand new revenue streams.
The launch of Mobile Money Middle East 2010 will not only target the rapidly emerging MMT, but will also take a very close look at the mobile payments markets.
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