Future of the Mobile Economy
SMS, or Short Message Service, is a text messaging service component of most telephone, internet, and mobile-device systems. It has been widely adopted as a communication tool, but in recent years, it has seen a decline in usage as other forms of communication, such as instant messaging and social media apps, have become more popular. However, SMS is still widely used in the mobile economy for various purposes such as verification code, alerts, one-time passcode for authentication and marketing. While the use of SMS may decline in some areas, it is likely to continue to be used in certain industries and for specific use cases where it is the most efficient or secure form of communication. Additionally, SMS is a very accessible technology, which makes it well suited for developing markets, where smartphones are not as prevalent and access to the internet may be limited. In summary, the mobile economy is becoming diverse with rise of new technologies, but SMS will continue to have a rol...