Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
Mobile Payments : Revenue Models and Market Strategies 2015
Mobile Payments: Revenue Models and Market Strategies,” a Thematic Research Report by Pyramid Research, examines the predominant service and revenue models in the mobile payments arena, as well as the market approach of selected players, in order to identify effective strategies and key success factors. The analysis is built upon in-depth case studies of selected mobile payments services around the world, including Alipay Wallet, Boku, Dwolla, LevelUp, RURU, Paym, Starbucks and Apple Pay.
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China Third-Party Payment Industry Report, 2015
The third-party payment industry led by internet payment, mobile payment, prepaid card, POS (Point of Sale), etc. has continued to flourish since 2014, with market transaction scale hitting RMB23.3 trillion, a year-on-year increase of 35.47%, and 270 licensed companies (as of April 10, 2015), of which, Beijing has the largest number of 58. [Read more…]
Mobile Money Crosses Borders: New Remittance Models in West Africa
A promising new model is emerging for cross-border remittances with mobile money as both the sending and the receiving channel.
This paper from GSMA draws commercial insights from two early examples in the West African Economic Monetary Union (WAEMU), where member states are socio-economically integrated and adoption of mobile money has been rapid in recent years. These factors make the region a natural starting point for this model. [Read more…]
Leveraging the Mobile Channel for ACH Payment Innovation White Paper
The Payments Innovation Alliance of NACHA, The Electronic Payments Association has released a white paper, entitled “Leveraging the Mobile Channel for ACH Payment Innovation.” The white paper provides an overview of the mobile payments landscape and focuses on the use of mobile devices for ACH transactions.
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Mobile and Online Payment Report
This report gives an overview of the mobile and online payment market.It provides the main figures for each market segment (in-store payment, carrier billing, remote online payment).
The latest market trends are analyzed, as well as the position and evolution of the main players (especially telcos and Internet players). [Read more…]
Development Trend and Investment Prospect of China Mobile Payment Market, 2014-2018
Development Trend and Investment Prospects of China Mobile Payment Market, 2014-2018 primarily analyzes market status and business performance of major domestic enterprises in the Chinese mobile payment industry, and offers advice for investors.
With the increasing of mobile phone users and mobile phone network users, the growth of mobile shopping has reached 400%. An increasing number of users want to place orders and make payment through mobile phones, and such awareness is rising. At present, participants of mobile phone payments include banks, mobile operators, China Unionpay and third party payment companies, which are actively developing mobile payment transaction. [Read more…]
Report: The US Cards and Payment Industry
The US card payments channel registered marginal growth during the period 2008-2012. The nation’s positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth.
During this period, the channel’s market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012 In value terms, the channel valued US$4.9 trillion in 2012. The US card payments channel grew both in volume and value terms during the review period. In terms of transaction volume, the channel grew at a review-period CAGR of 1.79% from 1.4 billion transactions in 2008 to 1.5 billion in 2012. [Read more…]
How Mobile Can Open The Door To $2.1 Trillion In Bill Payment
Paying bills is an inescapable necessity for consumers, with $2.1 trillion in payments annually for just seven common types of bills in 2013, according to Javelin estimates.
The mobile bill-payment industry is in its infancy, accounting for $36 billion for those seven bills. But the first wave of consumers already is typically pulling out a smartphone or tablet to pay, and mobile bill payments are primed for rapid growth. This report, which drills into mobile bill payment to follow up Javelin’s “2013 Online Banking and Bill-Payment Forecast” in September: [Read more…]
Cash-Based Alternative Online and Mobile Payment Services Around the World
Around the world, cash remains a significant consumer payment instrument, but as the 21st century shopping experience evolves, consumers who use cash exclusively or almost exclusively will be disadvantaged as goods and services increasingly move online.
In many countries, in response to the prevalence of cash for payments as well as to the low percentage of consumers with checking bank accounts and consumers’ concerns over the security of transmitting sensitive personal and financial details online, firms have stepped up to provide cash based alternative online and mobile payment services. These services enable consumers to pay with cash for purchases they can initiate online or with their mobile phones. [Read more…]
Business Insider Releases Primer Report On The Mobile Payments Market
A new report from BI Intelligence explains the main reasons why mobile payments are poised for takeoff. The report provides proprietary estimates for the growth and size of the mobile payments market in the years to come, and analyzes the specific trends that will help shape the growth in mobile payments, including user concerns around security. In addition. the report tracks the demographic and geographic nature of the consumers who will drive the growth, merchant-side adoption, and the mobile payments solutions that will lead the charge.
Read more, via Business Insider.
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