Mobile Payment Magazine

Mobile Payments Report: Opportunities and Strategies for Credit Issuers

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Mobil - Credit IssuersA new research report from Research & Markets entitled Opportunities and Strategies for Credit Issuers, examines mobile payment opportunities For US credit issuers.

The major card networks began supporting contactless payments nearly a decade ago, but consumer and merchant adoption has lagged considerably. Several startups, as well as established firms outside of the financial services industry, are marketing enhanced mobile payment services capable of causing significant disruption to the consumer payments value chain. [Read more…]

35 Million Phones Sold in 2011 Can Make NFC Mobile Payments

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According to a new report by IMS Research, a leading independent supplier of market research and consultancy to the global electronics industry the number of Near Field Communications (NFC)-enabled phones shipped in 2011 totaled 35 million globally. IMS Research forecasts that significant market events and the enablement of other cellular handsets will drive that number to nearly 80 million by the end of 2012.

“After seven or so years of false dawns and frequent disappointment, 2011 has proved to be something of a breakthrough year,” says Don Tait, senior analyst at IMS Research. Most of the leading cellular handset manufacturers have launched NFC-enabled handsets over the last 12 months. They include Samsung, RIM, Nokia and HTC. Apple is the main player yet to release an NFC-enabled handset.”

As well as a stream of launches of NFC-enabled handsets in 2011, there have also been an increasing number of joint ventures and collaborations between different players of the NFC ecosystem. Significant examples include:

  • The launch of Google Wallet in the US
  • The French Government funding NFC in the following cities in France (Paris, Bordeaux, Caen, Lille, Marseille, Rennes, Strasbourg, Toulouse and Nice). Orange plans to sell 500,000 NFC-enabled cellular handsets in France by the end of 2011
  • Orange UK and Barclaycard’s “Quick Tap” contactless payment solution, which was launched in May 2011 in the UK. Retailers that have signed up to this service includes McDonald’s, EAT, Pret-a-Manger and Boots.

Looking forward to 2012, the market for NFC looks even more promising. Sales of NFC-enabled cellular handsets are projected to accelerate during the next twelve months to reach 80 million handsets. Additionally, showcase events such as the Summer Olympic Games in London will help to promote the technology and its benefits. For instance, NFC will be available at the Olympic Park, with Everything Everywhere, Telefonica UK, Visa Europe and Samsung involved in the project. The launch of the ISIS-initiative in Austin Texas and Salt Lake City in Utah in the first half of 2012 will also boost the profile of NFC.

Source: IMS Research

HTC Invests in Shanghai F-road

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HTC Corporation is continuing its investment in mobile communications service and technologies. Lately, the company announced to invest USD 5.5 million in Shanghai F-road Commercial Services Co., Ltd., a mobile payment service provider in Mainland China. HTC will have a seat in the board of Shanghai F-road. Earlier, in November 2010, the company put USD 2.5 million in NetQin Mobile Inc., a leading provider of mobile security services.

Since Web sites of banks are easy to be attacked by hackers, Shanghai F-road develops mobile bankcards in combination with SIM cards and chips, which will be connected with the data centers of banks and avoid security risks. Currently, the company’s customers include rural commercial banks in Jiangsu and Chongqing.

via TradingMarkets.com