Mobile Payment Magazine

Digital Money in Pakistan – 2013 Report

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Digital Money PakistanThis report by Shift Thought Ltd entitled “Digital Money in Pakistan” has been designed specifically for the use of global players such as banks, operators and technology providers. They fill a gap in the market, and although offered at a report price, this is not a run-of-the-mill paper report.

This Pakistan report is developed to a high specification in order to help experts including development organisations like CGAP, by providing little known information and detailed analysis as a one-stop reference to understand Payments Systems and Innovations in this market. [Read more…]

Mobile Industry Predictions Report: 2012

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The Yankee Group has just released its free 17-page 2012 Annual Predictions Report, which looks into what the future has in store for the ever-growing mobility landscape.

Overview:

The world is in transition and in the year ahead, mobile will be both the protagonist and the subject of this instability. During the last five years, networks and the information they carry have plugged more than 2 billion new participants into the mobile economy. The winners in this landscape will be those players that can scale quickly and treat each user as a unique customer.

Report Highlights:

  • The mobile gold rush is global in scale a and touches all customers. In the last five years, 2 billion new users joined the mobile revolution. Looking ahead, mobile workers and consumers will embrace tablets, mobile content and personal cloud services. At the infrastructure level, the operator imperative to monetize all-IP networks will drive investment in policy solutions.
  • Asia-Pacific takes the lead in tablet sales. Yankee Group forecasts U.S. tablet sales will total 17 million in 2011 and almost 25 million in 2012. Similarly, tablet sales in all of Europe will exceed 15 million in 2011 and reach more than 26 million in 2012. And tablet sales in the Asia-Pacific region will total 20 million this year and reach almost 39 million in 2012, more than 50 percent above the U.S.
  • Diameter signaling is taking off. Yankee Group has seen significant request for proposal/request for information (RFP/RFI) activity and expects spending on IP-based Diameter signaling to more than double between 2011 and 2012—growing from U.S.$22 million to U.S.$45 million. And overall, we see the market mushrooming to U.S.$212 million in 2015, for a whopping CAGR of 57.2 percent.
  • Personal cloud services are hitting the high-growth phase. We forecast 17 percent of professionals with three or more devices will adopt a personal cloud service for online storage, backup and synching.
  • Economic woes threaten operators. Western European operators will see churn increase from approximately 2.3 percent per month today to 2.4 percent by the end of 2012, despite operators’ ongoing efforts to migrate customers to postpaid services and long-term contracts linked to new smartphone purchases. The world is in transition and in the year ahead, mobile will be both the protagonist and the subject of this instability. During the last five years, networks and the information they carry have plugged more than 2 billion new participants into the mobile economy. The winners in this landscape will be those players that can scale quickly and treat each user as a unique customer.

For more information and to download the report: 2012 Annual Predictions Report: Mobile

TelChina and China Mobile to Build Mobile Payment Solution With .TEL Extension

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TelChina and China Mobile have entered into a strategic relationship to develop Mobile-Pay services on the .tel platform, according to Telnic Limited, the registry operator for the .tel top level domain (TLD).

“As .tel combines advantages of both the Internet and telecommunications, it will be able to provide an efficient and integrated communications platform for customers of China Mobile in the future. The engagement levels of .tel owners will also bring new vitality to Mobile-Pay, attracting more people to use their mobile phones in making payments, which in turn will increase revenues for operators,” said Lucy Wang, CEO of TelChina.

Telnic announced that project development will be divided into several phases. The first phase is expected to be live in early May, 2011, which will enable China Mobile customers to purchase and renew their .tel names via a Mobile-Pay portal using their mobile devices.

Following the implementation of the mobile payment solution, users will also be able to use their China Mobile credits to pay in part or full for their .tel names later this year.

According to Xie Gang, China Mobile’s Mobile-Pay spokesperson, “Mobile-Pay is migrating from its 1.0 era, which is mainly based on SMS, to its 2.0 era, which is based on WAP and sensor-based terminals. This collaboration with TelChina will not only help customers simplify the payment process, but also provide an optimized platform for China Mobile services. On this platform, users will not have to log on to various websites for payment, but accomplish it through the clicking of a Mobile-Pay link on a .tel page.”

China Mobile will also create a dedicated channel for .tel users to  pay for online purchases and other services such as  utility bills and cable TV subscriptions.

Using China Mobile’s PSTN and IP network, through web, SMS, WAP and IVR interfaces, customers will be also  able to fulfill e-commerce operations such as opening an account, checking their balance, submitting payments and withdrawing cash.

Source: PR Newswire