Will T-Mobile Succeed with New Mobile Money Accounts

T-Mobile recently announced a partnership with BankMobile to offer mobile money accounts to serve the underbanked population in the U.S.; the wireless carrier is looking to succeed in a space that has largely flopped in the U.S.; mobile money accounts have been a big success overseas, like M-Pesa in Kenya; this isn’t the first time T-Mobile has tried to court younger customers, they previously launched a prepaid card and mobile wallet joint venture; the new accounts will be a good test case for the market as more consumers are using digital means for banking than ever before. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.