Mobile Payment Magazine

Consumers and Mobile Financial Services – Free Report

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.

Chinese Mobile Payment Company B.Shark Expands to Thailand Market

September 2, 2011 by Mobile Payment Magazine

B.Shark, a Chinese company offering worldwide mobile payment solutions, is expanding its market to Thailand. The company’s mobile payment API covers the three major operators in Thailand: AIS, DTAC and TrueMove.

The number of mobile subscribers in Thailand exceeds 70 million, which is greater than the population–so each subscriber has more than one mobile phone on average.

According to the latest figures,the average revenue per user (ARPU) for Thailand operators has a fairly wide range. DTAC, which focuses on high-level business subscribers, has the highest ARPU at 286 THB, followed by AIS at 232 THB, and TrueMove at 112 THB. Most subscribers in Thailand will charge 50 THB each time, and the lowest value recharge card is 20 THB.

In terms of value-added services, the most popular content is music, especially the local music created by Thailand’s popular music singers. The second most popular content is mobile wallpaper. Smart phone owners are frequent users of social network applications. When it comes to games, Texas Poker is one of the most popular.

Chinese mobile payment solution provider, B.Shark, has already launched its global mobile payment API, supporting China-Phone OS, Android OS and also web-based computer social games. The API covers the three mobile operators in Thailand. All mobile game developers and mobile phone producers are free to download the API and integrate with their games or application.

Source: B.shark

Visa “Tap to Phone” Adoption Grows Rapidly

Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year.

Is Your Business PCI Compliant?

A simple guide answering some frequently asked questions as well as debunking a couple myths about PCI compliance.

Nets and Oberthur Technologies Offer Mobile Payments to Scandinavian Banks

Nets, a payments service provider in Northern Europe, and OT (Oberthur Technologies), a global provider of embedded security software products, services and solutions, are partnering to service banks with a financial platform to support future international mobile payment means in the Nordics.

Kohl’s to Launch Mobile Payments

Kohl’s (NYSE: KSS) announced today the nationwide launch of Kohl’s Pay, a mobile payment option which integrates the Kohl’s Charge private label credit card into Kohl’s mobile app. Kohl’s Pay allows more than 25 million active card holders across the country to pay for their in-store purchases with their Kohl’s Charge card directly from their mobile device. Kohl’s Pay also its customers to apply their Kohl’s offers, Kohl’s Cash and Yes2You Rewards with a single transaction right from the mobile device at checkout.

Apple in Talks with Banks to Develop Mobile Person-to-Person Payment Service – Update – NASDAQ.com

Apple Inc. is in discussions with U.S. banks to develop a mobile person-to-person payment service that would compete with PayPal Inc.’s popular Venmo platform, according to people familiar with the talks. The talks are ongoing, and it is unclear if any of the banks have struck an agreement with Apple, these people said. Key details […]