Interesting interview...not sure the what's app of Money is a term that makes sense
International money transfer start-up WorldRemit is worth a rumoured $500 million (£320 million) after raising $100 million (£64.5 million) earlier this year, big numbers for a European start-up. Founder Ismail Ahmed sat down with me at MoneyConf in Belfast to explain why the business is worth that much and it all comes down to one thing — mobile money. "In 2014 there are more than 100 million active mobile money accounts. That number grew from 60 million in 2013 and is still rapidly growing," says Ahmed. There are an estimated 2 billion people without a bank account in the world, mostly in emerging economies. These people have traditionally dealt in cash but many are switching to mobile wallets, digital stores of money that are held on smartphones rather than in banks.
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