Mobile Payment Magazine

U.S. Mobile Payment Market to Top $200 Billion by 2015, Says Research Report

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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

ClairMail

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ClairMailClairMail provides mobile banking and payments solution for banks, credit unions, card services and payments. More than just a veneer for traditional online banking, ClairMail allows financial institutions to tap into the ubiquitous, real-time and actionable nature of the mobile phone to take have a more direct participation in customer interactions.

ClairMail has a comprehensive suite of mobile banking and payments applications built on a flexible, enterprise-ready mobile platform. Eight of the top twelve banks in North America use ClairMail to power their mobile banking offerings. Benefits to the financial institutions include lower costs, enhanced acquisition, improved retention, fraud reduction and generation of revenue.

ClairMail’s mobile banking and payments solution provide:

  • 100 Percent Coverage: Reach all customers, not just online banking customers.
  • Proactive 1:1 Conversations: Deliver personalized, high-value content that customers want.
  • Triple Play Convergence: Optimize the customer’s mobile experience and reduce TCO.
  • Cross-Product, Cross-Channel Orchestration: Extend mobile across the entire organization.

ClairMail is located in San Rafael, California. Investors include Norwest Venture Partners, Outlook Ventures, JAFCO Ventures, and Investor Growth Capital.

More information: ClairMail