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Mobile Payment Strategies Report: Opportunities & Markets 2011-2015

July 5, 2012 by Mobile Payment Magazine

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…]

Filed Under: Research Tagged With: 1-800 Flowers.com, Absa Bank, accells, Access Group, Aepona, Air Kenya, airG, Airtel, AIS, Alloy Ventures, Alternet, Amadeus, Amadeus Capital Partners, Amazon.com, Appium, Apple, Arriva Bus, Aruba Networks, AT&T, ATMU, Avea, Axis, Axis Bank, Babies “R” Us, Badoo, Banco de Oro Universal Bank, bango, Bank of Ceylon, Bank of Commerce and Development, Barclays, Battery Ventures, Bell Canada, Bell ID, Bharti, Bharti Airtel, Bharti Telesoft, BICS, BilltoMobile, bitWallet, BKM, BlackBerry Partners Fund, Bouygues, BPI, Brooks Brothers, BSI, BT, C-Sam, Cabela’s, Cebu Pacific, Celpay, Central Bank, CHARGE Anywhere, Citi, Citibank, Ciudad Mexico, Claro Group, Comviva, Copenhagen Metro, Cosmote, Credit Agricole, Credit Saison, Danal, Daylight Partners, DBS Bank, DeviceFidelity, Digby, Digby Chengdu Technology, Digital China, DN Capital, Draper Fisher Juvertson, DSB, DSB S-trains, Eagle Eye Solutions, EastNets, Easypaisa, eBay, eBay Mobile, EnStream, Equity Bank, Ericsson, Ericsson IPX, eServGlobal, EVN, EZ-Link, Ezuza, Facebook, Faulu Kenya, FINNAIR, First Data Corporation, France Telecom, Fundamo, G&D, Gameloft, Garanti Bank, Gemalto, Giesecke & Devrient, Globe, Globe Telecom, Golfsmith, google, Gtel, HBD Venture Capital, Hutch, Hypercom, IBM, ICC, ICICI, Idea, Indosat, ING, Ingenico, Intuit, IPX, Jamster, Jet Airways, JR East, JR West, Juniper Research, KASIKORNBANK, KDDI, Kenya Airways, KPN, KT, la Caixa, LG, Liberty Mutual, LINK Mobility, LMT, Lufthansa Systems, Luup, Maldives Monetary Authority, Maritz Real-Time, MasterCard, Maxis, MCB Bank, McDonalds, MCell, mChek, Meditel, Metro Company, MFIC, MGL, Minick, Miven, Mobifone, Mobilink, MobiVending, Mocapay, Monitise, MoreMagic, Morpho, Motorola, Movaya Chengdu Technology, Movaya Wireless, Movia, Movincom, Mozido, mService, mSolutions, MTN Group, MTS, MTV, Multiply, Myway, Naivas, NCR, Nearbuy Systems, NETS, Netsize, Neustar, NFO Hold, ngpay, Nokia, Nokia Siemens Network, NRJ Mobile, NTT docomo, NXP Semiconductors, Obopay, OpenMarket, Oracle, Orange, Orange Group, Orascom, Orient Corporation, Orvis, PayForIt, Paymate, PayPal, PayPal Mobile, Paytong, PesaPoint, PETCO, Philippine Airlines, Playphone, PLDT, Polaris, Polaris Ventures, PPC, PROSA, Quest Diagnostics, Rakuten, Reliance, Remgro, RIM, RiskSecure, Rogers Communications, S1 Corporation, S3 Ventures, Safaricom, Safarilink, Samsung, Sanlam, Santander, SAP Ventures, SBB, SEAIR, Sfone, SFR, Skype, SMART, Smart Communications, SmartPay, SoftBank, Softbank Mobile, Sony, Sony Ericsson, Sprint, StarHub, State Bank of India, State Bank of Vietnam, Sulake, Sumitomo Mitsui Card Co., Sun Oracle, Sybase 365, T+, TATA, Tata AIG Insurance, TDC, Tech Process Solutions, Telcel, Tele2, Telefonica, Telefonica O2, Telenor, TeliaSonera, Telma, Telus, TELUS Corp, Tetherball, The Home Depot, The NASDAQ OMX Group, The World Bank, Tigo, TIM, Toys “R” Us, Transoft, Tre, TRUE, True Move, TSYS, Twinlinx, Twitter, Uchumi, Ugg Australia, Uninor, Unwire, Utiba, Utiba Americas, Vagverket, Valista, Venda, VenFin, Venyon, VeriFone, Verisign, Vietcombank, Vietnamobile, Viettel, Vimpelcom, VinaPhone, Virgin Media, Virgin Mobile, Visa, Vision Capital, ViVOtech, Vodafone, Vodafone Qatar, Watchdata, Western Union, WIZZIT, World Bank, Yahoo!, YellowPepper, Yoigo, ZAPA, Zest Airways, Zong

Mobile Money Summit 2011 – Singapore: June 27-30, 2011

February 27, 2011 by Mobile Payment Magazine

As the Mobile Money industry continues to grow, this has led to increased access to financial services as well as the development of new financial instruments around the world. Now, more than ever before, Mobile Money products and services are on the rise.

Since its inception, the GSMA Mobile Money Summit has brought together key players from every sector of the industry, providing an environment to forge relationships, expand ideas and foster the growth of Mobile Money.

This year’s event will be held at the Marina Bay Sands, and will include:

  • Conference agenda focusing on the latest topics and developments within the Mobile Money ecosystem
  • Exhibition showcasing innovative Mobile Money products and services
  • Forum for Mobile Money networking and deal making with the C- Level leaders of financial services institutions, mobile network operators, development organizations and solutions providers, as well as regulators and policy makers

Mobile Money Facts

  1. More than 1 billion customers have access to a mobile phone but no access to formal financial services
  2. There are more than 90 live mobile money deployments around the world, 27 of which are in South Asia
  3. Over 80% of these deployments are in developing markets
  4. Research has shown that mobile money products and services create significant revenue benefits not just from transactions but also cost savings from airtime sales along with churn reduction and a rise in ARPU. Mobile Money generates profits.

Week at a Glance
The Conference and Exhibition will be held on 28-29 June, with invitation only events occurring on the 27 and 30 of June. While the event schedule is still being finalized, the week’s events will include:

Monday, 27 June 2011

Executive Regulatory Workshop
This workshop, led by Bankable Frontier Associates, explores the link between regulation and strategy and explains the most important regulatory concepts of mobile money. Attendees work through a case study (similar to Harvard Business School case studies) and participate in a role-play with a Central Bank. In the role-play, participants have to convince a Central Bank to change a given regulation and receive honest and worthwhile feedback from the regulator on the effectiveness of their argument. This workshop is invitation only.

7th Mobile Money for the Unbanked (MMU) Working Group
The GSMA MMU Programme is designed to extend the reach and reduce the cost of Mobile Money services for the unbanked in developing countries. MMU Working Groups gathers the key players within the mobile money industry – mobile network operators, financial institutions, development organisations and mobile money technology providers – so that they can share their latest insights and best practice. This is an invitation only event.

Tuesday and Wednesday, 28-29 June 2011

Conference Agenda
This year’s Conference Agenda will address the most current and cutting edge topics affecting the Mobile Money marketplace. Topics include:

  • Business Models: A look at Emerging Asia
  • Untapped Markets & Opportunities for Mobile Money
  • Perspectives from Banks & Operators
  • Agent Networks: Successful Distribution for Mobile Money

Exhibition
The Mobile Money Summit Exhibition creates opportunities to meet face to face with key players in the Mobile Money eco-system. Here is a preview of some of the companies you’ll meet at Mobile Money Summit:

  • MegaPay
  • MoreMagic
  • Sybase365
  • VISA

Mobile Money Accelerator Classes
The Mobile Money Accelerator classes are back for Mobile Money Summit 2011. Once again these classes are designed for practitioners new the mobile money space with an interest in understanding the roadmap to commercial launch, the required partnerships, investment estimates and the business case. Special focus will be given to introducing and addressing the days conference agenda and providing background material on each of the topics.

This year we will also approach the topic from two angles; that of the mobile operator and that of the financial institution. The classes are open to all Mobile Money Summit Attendees and will run from 7.30am each morning before the main conference.

International Cocktail Reception, sponsored by VISA
Being held on Tuesday, 28 June from 17:30-19:00 after the last conference session.
Join your fellow attendees for a cocktail to continue discussing the topics of the day, make connections and expand your Mobile Money network.

Thursday, 30 June 2011

Leadership Forum – By Invitation Only

More information: Mobile Money Summit 2011

Filed Under: Events Tagged With: Megapay, Mobile Money Summit, MoreMagic, Singapore, Sybase365, Visa

MoreMagic Solutions

October 15, 2010 by Mobile Payment Magazine

With deployments in more than 60 countries worldwide, MoreMagic Solutions offers transaction platforms for mobile operators, financial institutions, content providers, and distributors, enabling consumers to purchase goods and services on demand using a mobile phone, POS, or web.

The MoreMagic Solutions high-throughput mobile commerce and services (MCS) platform and pre-packaged applications in the MagicSuite portfolio enable revenue-generating services, including mobile recharge (m:TopUp) and mobile money transfer (m:Wallet), both domestic and international; mobile banking; bill payment; and mobile commerce; with integration into diverse network environments, languages, and currencies. Through MoreMagic Solutions’ worldwide distribution network connected to the MoreMagic Global Financial Services Hub (MagicHub), mobile operator branded services are available for out-of-country customers, enabling communications with relatives back home, and increased usage on mobile networks worldwide.

As an applications service provider, MoreMagic delivers its mobile payment solutions in a secure, hosted, and fully managed environment.

More magic is headquartered in Waltham, MA.

MoreMagic Solutions, Inc.
221 Crescent Street Suite 302
Waltham, MA 02453

Investors

  • Battery Ventures
  • Vision Capital
  • Liberty Mutual

More information: MoreMagic

Filed Under: Mobile Payment Companies Tagged With: m:TopUp, m:Wallet, MagicHub, MagicSuite, MoreMagic, MoreMagic Solutions

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