Mobile Payment Magazine

Report: Mobile Wallets in the US – Review and Analysis

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Mobile Wallets US ReportA new report entitled Mobile Wallets: The U.S. Landscape by Mercator Advisory Group identifies U.S. mobile wallets by category and technology.

The physical wallet might someday go the way of the checkbook, used by few and no longer a necessity. Growing consumer use of smartphones is creating a market for mobile wallets capable of serving many of the same purposes physical wallets served for centuries but now are able to take advantage of a plethora of new functions made possible in an increasingly digital marketplace. [Read more…]

Mobile Payment Strategies Report: Opportunities & Markets 2011-2015

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Mobile Payment ReportA new study from Juniper Research has determined that the total value of mobile payments for digital and physical goods, money transfers and NFC (Near Field Communications) transactions will reach $670bn by 2015, up from $240bn this year. These forecasts represent the gross merchandise value of all purchases or the value of money being transferred.

The new Mobile Payment Strategies report revealed that all segments will exhibit 2x to 3x growth over the next five years. This growth will be driven by the rapid adoption of mobile ticketing, NFC contactless payments, physical goods purchases and money transfers as people in both developed and developing countries use their devices for everyday transactions. [Read more…]

Analyst Cites eBay as Strong Investment Opportunity in Mobile Payments

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eBay provides one of the best investment opportunities to take advantage of the growth of mobile payments, according to Gil Luria, an analyst at Wedbush Securities.

“We believe PayPal will capitalize on its superior position in mobile payments extending its 25 percent to 30 percent growth, turning into eBay’s largest business by 2014 and leading to significant multiple expansion,” he said.
[Read more…]

eBay to Acquire Mobile Carrier Billing Provider, Zong

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-eBay Inc. announced today that it has agreed to acquire Zong, a leading provider of payments through mobile carrier billing, for total consideration of approximately $240 million in cash.

Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services in 21 languages and 45 countries. Combined with PayPal’s leading global payment platform serving 100 million active accounts worldwide, the company expects that Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods. [Read more…]

eBay Acquires Its Mobile App Developer, Critical Path

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As another sign of the continuing growth of the mobile payment landscape and the consolidation of related companies, eBay announced today that it has acquired the company that develops its mobile applications software.

Critical Path Software is a mobile application developer that has worked with eBay for more than two years to help deliver popular mobile apps such as the eBay for iPhone app, and StubHub, eBay Classifieds and Shopping.com iPhone applications. The company, established in 1991 and based in Portland, Oregon, was one of the first developers to create mobile apps for the iPhone, Android and Windows Phone 7 platforms.

According to eBay, the acquisition will allow the company to accelerate its efforts to improve the mobile experience for its customers. Terms of the agreement were not disclosed.

“We’re very serious about innovating in mobile commerce, and this acquisition underscores our commitment to bringing the very best and brightest in the field to eBay,” said Mark Carges, chief technology officer and senior vice president, global products, eBay Marketplaces. “Integrating the Critical Path Software team into eBay will be a big win for mobile shoppers around the world; combined with the talent on our team today, we can make shopping and selling anywhere, anytime, for almost anything, even better.”

With more than 200 million listings available globally at any given time on eBay, shoppers have access to a wide selection of merchandise right from their mobile phones.

eBay Mobile collaborated with Critical Path Software most recently on eBay Inc.’s most popular mobile app, the iPhone 2.0 core eBay app, which has been downloaded by more than 14 million times since its launch in 2008. Critical Path Software also was a key contributor in developing mobile apps enabling users to buy tickets on-the-go on StubHub; search local listings on eBay Classifieds; and access more than 7,000 global merchants on Shopping.com.

Source: Business Wire

U.S. Mobile Payment Market to Top $200 Billion by 2015, Says Research Report

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A recent report from Aite Group forecasts that U.S. mobile bill payments will reach more than $200  billion in 2015.

Aite Group interviewed more than 60 companies in the Fall of 2010 and produced a 65 page report that defines and segments the mobile payment industry, and includes an analysis of the competitive and market trends.

Each one of the multiple categories of mobile payments defined in the report will experience double-digit growth, with mobile payments accounting for  US$214 billion in gross dollar volume by 2015, up from US$16 billion in 2010–a 68% compounded annual growth rate (CAGR) between 2010 and 2015.

The report references the following companies: Allstate, Amazon, American Express, Apple, AT&T, Bango, Bank of America, Barclays, Bill2Mobile, BlackBerry, Bling Nation, BOKU, Brink’s, C-Sam, Cashedge, Cellfire, Chase, Chase Paymentech, Cimbal, ClairMail, coupons.com, Coupons Sherpa, Visa’s Cybersource, Device Fidelity, Diebold, Discover, Eagle Eye Solutions, eBay, Euronet, Facebook, First Data, FIS, Fiserv, Foursquare, Gemalto, Global Payments, Google, Gowalla, Green Dot, Groupon, Harland Financial Services, Heartland Payment Systems, Hipcricket, iLoop Mobile, Inside Contactless, Intuit, Jack Henry/iPay Technologies, Kubra, MasterCard, mFoundry, Mobile Coupons, Mocapay, MoneyGram, Monitise Group, mopay, MyWebGrocer, NCR, NetSpend, Nokia, Oberthur Technologies, Obopay, OfferIQ, Online Resources, PayPal, Plastyc, Pyxis Mobile, Research-in-Motion (RIM), Roam Data (Ingenico), Roamware, Rocketbuxx, SK C&C USA, Square, Starbucks, Sybase, T-Mobile, Tetherball, 3i Infotech, Tier Technologies, TransferTo, TSYS, Twitter, U.S. Bank, VeriFone, Verizon, Vesta, Visa, ViVOtech, Waspit, Way Systems, Western Union, Wincor Nixdorf, WirelessLoyalty, Xipwire, Yelp, and Zong.

More information: Aite Group Mobile Payment Report.

Source: Aite Group

Critical Path Software

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Critical Path Software is a mobile application development company, based in Portland, Oregon, built on a foundation of pioneering the growth of new technologies since 1991. The company was one of the first developers to create mobile experiences for the iPhone, Android and Windows Phone 7 platforms.

Critical Path Software has helped create mobiles apps in categories such as lifestyle, shopping, health and fitness and travel.

eBay announced acquisition of Critical Path Software in December, 2010.