Mobile Payment Magazine

The State of Mobile Payments: 2015

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To most Americans and Europeans, the mobile payments industry is just starting to get off the ground. With Facebook’s option to send money to friends via mobile, new offerings from Square Pay, and the recent release of iPhone 6 and Apple Pay, TechCrunch reports that 2015 seems like the “Year of Mobile Payments.” But the fact is that a lot of these options are way behind what’s happening in other parts of the world.

There’s a distinction between these “mobile wallets” which merely link a user’s credit or debit card to their mobile device, and mobile money, where your phone actually holds the value like a mini-bank. Mobile Money is proliferating in many parts of the world where access to traditional banking is not available to many, and it’s in these places in Africa, South America, Eastern Europe, where mobile money is really taking off, advancing far beyond what is available to people in Europe and North America.
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Mobile Banking Markets and Opportunities Report Announced by Research and Markets

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Research and Markets  has announced the release of a new report, entitled “M-Banking Markets and Opportunities.”

Mobile banking refers to a client-server system that is specifically designed for mobile devices, allowing banking customers to use handheld devices to access their accounts, pay bills, authorize fund transfers, or perform other activities. Like many other m-commerce services, mobile banking services can be challenging and no single company has all the expertise required to develop and deliver compelling services on its own. This report evaluates the mobile banking ecosystem and mobile banking solutions including mobile payments, provides a SWOT analysis for Visa and competitors, analyzes solutions for Visa’s weak points, discusses mobile banking implementation, and evaluates the market, applications, and methods. [Read more…]