According to TelecomTV, "T-Mobile USA this morning published the first user statistics for its Wi-Fi fast Internet access service. It shows that 450,000 people paid to use the service over the past three months. The fact that T-Mobile USA, hitherto extremely coy about publishing Wi-Fi user statistics, has now made its last quarter�s figures available is evidence that the carrier believes the technology is being taken up by enough users for to be regarded as a real service with a real potential to make real money. Previously the operator had refused to provide any guidance as to the number of users of its system and services and even now will not give comparative figures that show the difference between the number of users last year and this, leading to inevitable speculation that a twelve months ago its user base consisted of two men and an educated dachshund called Ferdy."
The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without