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…]
A 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…]
We are at the beginning of a new technology cycle as consumer adoption of mobile and social media extends the reach of the web and integrates those media into the physical world.
Facebook is only eight years old, and yet its planned $5 billion IPO is the largest Internet IPO ever. As in every new technology cycle, network effects make room for new players and the creation—and destruction—of vast amounts of wealth.
The Gang of Four—Apple, Amazon, Facebook, and Google—is a group of network players entering the banking and payments environment. How will the strengths and weaknesses of the Gang of Four play against those of major financial institutions, payment networks, and wireless carriers? Surprisingly, PayPal rates on equal footing with the Gang of Four when it comes to innovation and emerges as a possible leader in the next tech cycle.
Research & Markets recently released a report entitled Positioning for Payments in the New Mobile-Social Technology Erathat focuses on the relationship of brands to consumer perceptions of trust, innovation, and privacy in order to identify opportunities and threats.
Primary Questions
Methodology
The report is based mainly on data collected online from a random-sample bank benchmark panel of 5,878 consumers in December 2011. The survey targeted respondents based on proportions of gender, ethnicity, age, and income representative of those of the overall U.S. online population. The margin of sampling error is ±1.28% at the 95% confidence level.
It is also based on a survey of 5,211 consumers conducted online in October 2011 on KnowledgePanel. This sample is representative of the U.S. census demographics distribution and is recruited from the Knowledge Networks panel. Data is weighted using 18+ U.S. Population Benchmarks for age, gender, race/ethnicity, education, census region, and metropolitan status from the September 2011 Current Population Survey (CPS) and household Internet access from the October 2010 CPS Supplement. The margin of sampling error is ±1.73% at the 95% confidence level.
Table of Contents
– Amazon, American Express, Apple, AT&T, Bank of America, Chase, Citibank, Discover, Facebook, Google, MasterCard, Microsoft, PayPal, Research In Motion, Sprint, Twitter, U.S. Bank, Verizon, Visa, Wells Fargo, zvelo
More information: Research and Markets
With over 2 billion users worldwide, mobile phone usage penetrates every core demographic of the world’s population. Research and Markets has announced the release of a new report entitled “ Mobile Banking and Payments.” The report assesses the role of the mobile phone as a banking device as well as a payment function. The report provides readers with the ability to:
After abandoning initial roll-outs a few years ago following poor consumer take up, banks worldwide are now re-entering the market. Mobile banking is an opportunity and a threat to established retail financial players. The first section of this report provides the business case for successful mobile banking. It presents the short-term solutions and the longer-term strategy needed to create a successful program.
Key Points Addressed in This Report:
Case Studies and Examples Include:
Key Topics Covered:
More information: Research and Markets – “Mobile Banking and Payments Report”
Source: Business Wire
As Chinese game developers rush to explore the overseas market, game operation as well as in-game payment systems have become a hot topic for game developers.
Chinese game developers are running their games in the overseas markets in a number of ways: First, through massive global social networks, such as Facebook; other developers prefer to run the games on their own platforms, like Elex-tech; and still others distribute their games via local operators. Game developers who choose the last option are free from worrying about game operating and recharging systems as the agent takes care of that; but if they choose the first option, especially publishing games on Facebook, they need to operate the game on their own and choose their own payment methods.
Regardless of the new Facebook payment policies, there are three payment methods on Facebook:
Facebook credit and PayPal is popular in European countries but rarely in Southeast Asia, as local users are not accusto med to using credit cards.
Compared with PayPal, the use of game recharging cards is more widespread. Game recharging cards such as MOL are popular in Hong Kong, Macao and Taiwan, but rarely in Southeast Asia.
As for mobile billing, it is not restricted by sales outlets and it fits the users’ need of paying anytime and anywhere. People choose mobile billing mostly because of its lower risks and ease of use, so it is an important payment method. For some small game developers, it would be difficult for them to go directly to the operators, so a preferrable solution may be to select a mobile billing solution provider that can supply them with customized service, such as provided by B.Shark, Boku and Zong.
In conclusion, not one of the payment solutions is perfect; they are complementary with each other, and Social Networking Service (SNS) game developers should optimize their payment system in order to maximum their income.
Source: B.Shark
With its newly replenished cash hoard, Facebook plans to acquire mature mobile start-up companies to work toward its goal of being a platform company, according to Facebook CTO Bret Taylor.
“We’re really focused on acquisitions,” Taylor said at the Inside Social Apps conference at UC San Francisco on Tuesday. “Every investment we make is aligning ourselves with the vision of being a platform company.”
The company raised $1.5 billion last week through an investment organized by Goldman Sachs, and is likely to file for an IPO later this year.
via Wall Street Journal.
Research and Markets has announced the addition of the “Mobile Payments – A Battle of Giants in a Fragmented Market” report to their offering.
This study spotlights the mobile payment market, provides details about the related services and their technological aspects, analyses the usages and the industrial structure with a drawn of the value chain. The report makes an in-depth look in examining several business models – for NFC, SMS, Fixed/mobile wallet & App Stores – their impacts and upcoming opportunities.
Key Questions
Key Topics Covered:
Companies Mentioned:
More information: Research and Markets
Facebook may be seeing positive cashflow and excellent rates of growth, but it’s also dismally unprofitable considering the size of its user base. That gives it the impetus for an all-out mobile payments push. It’s already primed for success: with about 100 million active users in the U.S., it already reaches about half the population between ages 15 and 64, and it already has those users accustomed to using their Facebook credentials all over the Web. Its Facebook Connect portable gateway technology has already been adopted by 80,000 websites, says Facebook, including giants like MySpace and YouTube.
But other players are trying to wrest the payments market from Facebook’s sleepy grasp. American Express just spent $300 million buying online payments startup Revolution Money Inc., a pet project of AOL founder Steve Case. Nokia spent $70 million on its Obopay stake, and venture-backed Boku acquired two smaller competitors this summer for an undisclosed sum.
via BNET.
mopay, a payment solutions provider for online merchants, forecasts major momentum and movement in the global mobile payments industry in 2011. mopay has identified several trends to watch in 2011 that will have a significant impact on the burgeoning mobile payments industry, including massive growth of the market in North America, increased consolidation and lower transaction costs.
In 2011, mopay estimates the following industry trends will occur:
“This past year was a boom year for the mobile payments industry around the globe. With the foundational work that occurred in 2010 past us, 2011 is shaping up to be the year that mobile payments see widespread penetration around the globe,” said Kolja Reiss, managing director of mopay, Inc. “At mopay, we have been thrilled to see that the leadership we built in Europe and Asia is resonating in North America; U.S. consumers and merchants alike are ready for mobile payments and we predict that 2011 will be a true turning point for the industry.”
Source: Business Wire
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
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