Mobile Payment Magazine

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…]

Research Report: Mobile Payment Systems and Solutions

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Payments have been evolving for thousands of years. From the age-old bartering system, to cash, to check to electronic forms of payments, people have found innovative and more efficient ways to make a payment. This evolution has resulted in a significant shift in the current mix of consumer payments: from primarily paper-based (cash or check) to increasingly electronic (e.g. credit, debit and pre-paid) payment methods. The rate of change and the movement to electronic payments has been accelerated by the explosive growth of payments being made in non face-to-face transactions.

Billed as the future of banking, the value of financial transactions carried out through mobile phones has been pegged at $245 billion worldwide by 2014. At the same time, the number of users carrying out transactions using mobile money is expected to total 340 million by 2014, equivalent to 5% of existing mobile subscribers across the globe.

Research and Markets recently released a report entitled “Commerce on the Go: Mobile Payment Systems and Solutions.” The report evaluates mobile banking solutions, mobile banking SWOT analysis, Google Wallet SWOT analysis, competition between e-wallet solutions, and provides an analysis of the opportunities and market for mobile payments in the United States.

Audience:

– Mobile Network Operators

– Mobile Software Developers

– OSS/BSS Solution Providers

– Handset and Tablet Manufacturers

– Mobile Payment Service Providers

– Content and Applications Aggregators

– Mobile Marketing and Advertising Providers

– Telecommunications Infrastructure Providers

Report Index:

Executive Summary.
Money Transfers.
Mobile Payments Developments in Emerging Markets.
The Role of the Devices.
The Role of Mobile Operators.
Banks Role.
Technologies.
Future Trends.
Features.
E-Marketing.
Challenges.
Management Challenge.
Customers Expectations.
Security Problems.
Technical Challenges.
Solutions.
Current Mobile Payments Systems the End of the Credit Card Era and the Rise of the Wallet.
ISIS wallet.
Google Wallet and its SWOT Analysis.
Google Wallet Challenges and how to overcome it.
PayPal and Google Wallet.
Visa Wallet SWOT Analysis.
Serve by American Express E-wallet and its SWOT Analysis.
Google Wallet Verses ISIS Wallet.
Comparison between Current Wallet Systems.
Advantages of the M-payments Systems.
U.S Telecommunication Market Analysis.
Conclusions.
Worldwide Mobile Payment Market Analysis 2012-2017.
U.S Mobile Payment Market Analysis 2012-2017.
Mobile Payment Drivers for the U.S Market.
Deployment Mobile Payment System..
The Current U.S Mobile Payment Systems.
Mobile Payment Ecosystem..
Mobile Payment Models.
The Mobile Payment Methods.
Features of the Mobile Payment Ecosystem..
Bumps on the Road for M-payment.
The Features of Mobile Payments in the US and its ROI
The Conversion from Credit Cards to Mobile Payments Challenges and Opportunities.
Business Challenges.
Mobile Payment Regulatory in the U.S.
Market Potential for Mobile Phone Devices in Latin America.
The Market for Mobile Phone Devices in Latin America: 2011 – 2016.
The Latin American Mobile Market.
Introduction.
The Market in the Past.
The Market in 2004.
The Market in 2005.
The Market in 2006.
The Market in 2007 to 2010.
Conclusions.
Mobile Payment Providers in Latin America.
U.S Mobile Payment Providers Analysis.
XIPWIRE.
Advantages of XIPWIRE.
XIPWIRE vs. PayPal Mobile.
Zong.
Mopay.
Luup.
Bango.
eServGlobal

For more information: “Commerce on the Go: Mobile Payment Systems and Solutions.”

Source: Research & Markets

Luup Integrates with Temenos T24 for Mobile Payment Platform

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Luup today launches the first universal mobile payments platform. The launch is the result of the integration of the Temenos T24 core banking application and Microsoft BizTalk with Luup’s mobile payment services platform.

Luup CEO, Martin Wilson, explained: “We believe that Luup’s new payment platform heralds a major shift in the mobile payments sector. Through Luup, banks have the opportunity to serve corporate and retail markets using a single universal mobile payments platform. They can now offer mobile payment services in developed and emerging markets anywhere in the world through any mobile device and on any network. This is an industry first.”

The integration of market leading applications with Luup’s platform enables Luup to provide the most advanced mobile payments managed service available. It combines the scale to deal with large transaction volumes with the mission critical standards that banks require to meet regulatory and security requirements.

Martin Wilson continued: “Financial institutions require the capabilities, reliability and scalability of a bank-grade platform to capture a significant share of the predicted $426 billion market. As the only independent global provider of mobile payments, we have created an international remittance eco-system for banks and corporates, connecting senders and receivers of funds across the globe.”

For its solutions Luup has further developed leading technology from Temenos and Microsoft, including Microsoft BizTalk, to provide several business-enhancing functions.

Mark Gunning, Global Director, Banking Solutions at Temenos explained: “T24 is the most technically advanced core banking system available, used by hundreds of banks worldwide. Its integration into Luup’s universal platform for mobile payments means that financial institutions now have the unprecedented opportunity to get the mission-critical standard they expect – on the ubiquitous mobile channel. This co-operation between Luup and Temenos creates the most flexible, cost effective and scalable mobile solution on the market, which enables Luup’s customers to meet the challenges and opportunities of tomorrow.”

In addition, Luup’s managed service model enables banks to implement the service easily and at low cost and to scale-up as customers’ demand for mobile payments increases even further. There are already over 5 billion mobile phone users worldwide and the figure is constantly growing.

Karen Cone, general manager of Worldwide Financial Services at Microsoft Corp., commented on the announcement: “Mobile payments are set to change the shape of the payments world. Microsoft technology is used throughout the payments value chain – from payments channels like Windows Phone to mission-critical processing workloads. By running its solutions on Microsoft’s SQL Server and BizTalk Server, Luup provides its customers with workflow management and dynamic interfaces that offer enhanced management of payment services.”

Luup operates in developed and emerging markets, and offers financial institutions and corporates the opportunity to reduce costs and introduce new income streams. In global markets, Luup enables banks to offer new mobile services for their corporate customers, whilst amongst large unbanked populations in emerging countries, a branchless mobile banking service is being created to address the financial inclusion agenda.

Martin Wilson concluded: “Our independence, continued innovation, global reach and the desire to continue to deliver products that meet the needs of banks and their customers means that we are in the perfect position to help financial institutions capture new revenue from the rapidly growing opportunities available from mobile payments. Our expertise and strategic partnerships means that Luup is ideally placed to develop and extend its leading position in this market.”

Source: PR Newswire

Mobile Financial Solutions Providers Advocate Open Mobile Money Transfer Ecosystem

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Money Transfer Industry Urged to Inter-connect at IAMTN Conference: Luup and Dhasatra Advocate an Open Mobile Money Transfer Ecosystem.

Luup, a mobile financial solutions provider with offices in UAE, Norway and the UK, outlined key success factors for building a seamless remittances ecosystem that includes challenging geographies such as Indonesia. The information was presented at the MTD conference held in Dubai by the IAMTN, the international trade association for the money transfer industry.

According to Saqib Iqbal, Regional Director Asia Pacific for Luup, “Users want cost-effective interconnected money transfer services that they can access from any provider, anytime, anywhere.” He added: “Mobile technology enables such efficient services, yet they depend on co-operation and the building of payments gateways, seamless remittance interconnections and cash-out facilities.”

Indonesia is a particularly challenging geography due to a largely unbanked population spread over hundreds of islands. The proliferation of mobile phones though makes it highly conducive to mobile enabling services. Seizing this opportunity to bring cost effective, real time remittance solutions to its customers, Dhasatra Indonesian Remittance, has joined Luup’s expanding, open mobile money transfer ecosystem.

Luup will mobile enable the inbound remittance corridor to Indonesia for Dhasatra and the subsequent distribution into Dhasatra’s extensive network in the country. Both banked and unbanked will be able to remit into bank accounts of 120 banks or cash out from bank and post office branches as well as telecom franchisees.

In 2010 alone inbound remittances to Indonesia amounted to around US$ 11Bn. The fast growing numbers of Indonesian migrants in the Middle East in particular are set to benefit from this increased convenience. The UAE, for example, ranks fourth globally with its sending volume to Indonesia and Luup already has an established payments gateway serving users in the Middle East. Luup’s regional presence provides Dhasatra with access to more sending institutions and other key partners in the Luup ecosystem.

Nicolas R. Dharmawan, President Director of Dhasatra, joined Luup at the MDT conference in advocating seamless mobile money transfers and gave examples of business benefits his company is gaining: “Partnering with Luup brings more remittances volume and traffic to Dhasatra and ultimately increases revenue. We are also excited about opportunities we will be able to pursue in Indonesia for m-commerce and domestic mobile money transfers as the partnership evolves further.”

The Money Transfer Dubai conference was held on the 29th March in Dubai and Luup demonstrated its solutions on its stand as well as speaking on the conference stream ‘Business opportunities and Challenges’.

More information: IAMTN

Source: PR Newswire