Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
REPORT: Global Mobile Payment Market 2015-2019
Mobile payment is a form of payment where an end-user can initiate a transaction using amobile device for goods and services through communication networks or technologies.Mobile payment allows consumers to use a mobile device to pay for goods and services instead of using cash, check, and credit/debit cards. It is also referred to as mobile money,mobile money transfer, and mobile wallet.
The report forecasts the global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period. [Read more…]
Vodafone’s M-Pesa to Partner With MTN for Mobile Banking Services in Africa
Vodafone Group Plc will work with MTN Group Ltd., Africa’s largest wireless operator, to facilitate mobile-banking services in parts of the continent’s sub-Saharan region.
Mobile and Online Payment Report
This report gives an overview of the mobile and online payment market.It provides the main figures for each market segment (in-store payment, carrier billing, remote online payment).
The latest market trends are analyzed, as well as the position and evolution of the main players (especially telcos and Internet players). [Read more…]
6th Mobile Commerce Summit ASIA 2013: March 19-20, 2013 – Singapore
As Asia’s largest mobile commerce summit event, Neoedge the leading producer of original conferences and workshops for the corporate world, has announced the biggest names in the industry supporting the 6th Mobile Commerce Summit ASIA 2013 which is happening on the 19-20 March 2013 at the Hotel Novotel Clarke Quay Singapore.
The event is again expected to sell out fully, as in the last five years. The mobile commerce leaders at the event to date include Standard Chartered, Google, Digi Telecommunications, Mobile Accelerate, Vodafone, American Express, Telenor/Easypaisa, SingTel Group, Nokia (Finland), C-Sam, Mobile Monday Singapore, Indonesia Telecommunications Authority, Citi, Dialog Axiata, F1Soft International, Sprooki, Mastercard Worldwide, Zain Group, Du, National Payments Corporation of India, mcel, Taggo, eSewa, Olswang Asia, Indosat, Al Fardan Group, Habib Bank, Thomson Reuters Asia (Technology Division) and PCI Security Standards Council among others who will be featured at the event and bring to Singapore its latest mobile commerce technological innovations.
“We picked Singapore as our venue for two consecutive years now, primarily because it is considered to be Asia’s hub in terms of mobile technology.”, said Ricard Halim, Business Development Manager at Neoedge. “We are also delighted to welcome the executives from our Official Lanyard Sponsor, C-SAM, headed by Elizabeth Duke, the Head of Sales for Asia Pacific.” Halim added.
Among the international speakers lined up for 2013 is Biswas Dhakal the President of F1Soft International. They will hold a Post-Conference workshop entitled, “Mobile Financial Services in Under Developed Countries.” F1Soft is a leading company on transaction banking since its inception in 2004. It holds its principal offices in Nepal and regional presence in Singapore.
“What sets our event apart from the many mobile summits in Asia is that we seriously dedicate focus streams and panel discussions on topics which are currently shaking the mobile commerce space. Our agenda, while it is coherent, it aims to get as many players, if not all, in the ecosystem and it is designed to unveil what really is the future of mobile payments, mobile banking, mobile money transfer and NFC.”, Halim shared.
Neoedge’s 6th Mobile Commerce Summit ASIA 2013, after being hailed as one of the most important telecom events in Asia, it was shortlisted as Best Telecom Conference in the Asian Conference Summit & Awards 2012.
For more information and registration: 6th Mobile Commerce Summit ASIA 2013
About Neoedge:
Neoedge Pte. Ltd is a business media company that aims to serve the corporate world with integrity and excellence by providing cutting edge business intelligences and creating high value networking opportunities.
http://neo-edge.com/event-line-up/telecom-it/6th-mobile-commerce-summit-asia
Mobile Payment Strategies Report: Opportunities & Markets 2011-2015
A 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…]
Mobile Industry Predictions Report: 2012
The Yankee Group has just released its free 17-page 2012 Annual Predictions Report, which looks into what the future has in store for the ever-growing mobility landscape.
Overview:
The world is in transition and in the year ahead, mobile will be both the protagonist and the subject of this instability. During the last five years, networks and the information they carry have plugged more than 2 billion new participants into the mobile economy. The winners in this landscape will be those players that can scale quickly and treat each user as a unique customer.
Report Highlights:
- The mobile gold rush is global in scale a and touches all customers. In the last five years, 2 billion new users joined the mobile revolution. Looking ahead, mobile workers and consumers will embrace tablets, mobile content and personal cloud services. At the infrastructure level, the operator imperative to monetize all-IP networks will drive investment in policy solutions.
- Asia-Pacific takes the lead in tablet sales. Yankee Group forecasts U.S. tablet sales will total 17 million in 2011 and almost 25 million in 2012. Similarly, tablet sales in all of Europe will exceed 15 million in 2011 and reach more than 26 million in 2012. And tablet sales in the Asia-Pacific region will total 20 million this year and reach almost 39 million in 2012, more than 50 percent above the U.S.
- Diameter signaling is taking off. Yankee Group has seen significant request for proposal/request for information (RFP/RFI) activity and expects spending on IP-based Diameter signaling to more than double between 2011 and 2012—growing from U.S.$22 million to U.S.$45 million. And overall, we see the market mushrooming to U.S.$212 million in 2015, for a whopping CAGR of 57.2 percent.
- Personal cloud services are hitting the high-growth phase. We forecast 17 percent of professionals with three or more devices will adopt a personal cloud service for online storage, backup and synching.
- Economic woes threaten operators. Western European operators will see churn increase from approximately 2.3 percent per month today to 2.4 percent by the end of 2012, despite operators’ ongoing efforts to migrate customers to postpaid services and long-term contracts linked to new smartphone purchases. The world is in transition and in the year ahead, mobile will be both the protagonist and the subject of this instability. During the last five years, networks and the information they carry have plugged more than 2 billion new participants into the mobile economy. The winners in this landscape will be those players that can scale quickly and treat each user as a unique customer.
For more information and to download the report: 2012 Annual Predictions Report: Mobile
MNO’s Collaborate to Establish Hungarian Mobile Wallet Association
Hugary’s Magyar Telekom, Telenor and Vodafone have joined with three market leading operators–MasterCard, OTP Bank and SuperShop–to establish the Hungarian Mobile Wallet Association. The aim of the Association is to design and articulate recommendations for mobile NFC service standards in Hungary, and to submit proposals towards the successful implementation of the service.
Designed to operate over very short distances, Near Field Communication is a wireless switching technology, which facilitates contactless communication and exchange of data between two or even several devices over a secure channel.
The use of contactless bank cards (e.g. PayPass) through the mobile phone constitutes only one pillar of the service. Equally important are other features such as loyalty cards, coupons, travel and entrance tickets, etc. Services that are based on NFC technology are capable of ensuring new and highly attractive customer experiences through their speed, ease of use, innovative features and the possibilities provided by the large and interactive screen of the mobile phone.
This united move of Hungary’s MNOs may help establish Hungary among the first countries where mobile NFC services are launched in Europe.
Source: Hungarian Mobile Wallet Association
Mobile 2.0 Silicon Valley: Sept. 1, 2011, San Francisco, CA
MOBILE 2.0 Silicon Valley brings together experts and thought leaders from all aspects of the mobile ecosystem, including startups, investors, mobile carriers, device manufacturers, and mobile application developers and web technologists.
The MOBILE 2.0 Conference is a one day event to be held on September 1, 2011. This Year, The Mobile 2.0 Organizing Committee proposes to examine the impact of an “Always On, Always Connected” Mobile World. We will hold a morning plenary session with a series of panel conversations, followed by interactive workshops in the Afternoon.
Mobile 2.0 Silicon Valley is all about giving the audience the opportunity to learn, network and voice their views.
Agenda
“ALWAYS ON, ALWAYS CONNECTED — WHAT ARE THE CONSEQUENCES?”
08:00-09:00 REGISTRATION AND COFFEE
8:45-9:00 Welcome: Mobile 2.0 Coordinating Committee: Gregory Gorman, Tony Fish, Dan Appelquist
9:00-12:30 PLENARY SESSION & PANELS
09:00-09:15 Whose In the Driver Seat in Mobile?
Larry Berkin, Mobile Evangelist, Former, SVP, Symbian Foundation
09:15-10:05 Panel #1 What Will Change in A MultiScreen World? Native App vs Web?
Marc Davis,Partner Architect, Microsoft, Olof Schybergson, CEO, Fjord, Adam Boyden, President, Conduit, Michael Mace, CEO, Cera Technology
10:05-10:20 Surprise Startup
Interviewed by John Malloy, BlueRun Ventures
10:15-10:45 Coffee Break
10:45-11:35 Panel #2 Is The Cost of Innovation Changing? Can Small Companies Still Compete?
Mike Rowehl, Co-Founder, Churn Labs, Jeff Haynie, CEO, Appcelerator, Ted Verani, SVP, Trilibis Mobile, Raam Thakrar, Co-Founder, Touchnote
11:35-11:50 Surprise Startup
Interviewed by Michel Wendell, Nexit Ventures
11:50-12:40 Next Generation Advertising: What Are the New Models?
Michael Rubin, Executive Director, AT&T Interactive, Blair Swedeen, VP, Placecast, Dorrian Porter, CEO, Mozes, Evan Tana, VP, Shopkick
12:40-13.30 LUNCH
Steve Bratt, CEO, World Wide Web Foundation – Mobile Entrepreneurship in Africa
1:30-5:00 BREAKOUT SESSIONS
13:30-3:00
Workshop A: Next Generation Advertising. What Are The New Models?
Workshop Leaders: Evan Tana, Shopkick, Colm Grealy, Digital Reach, Eric Chan, Embee Mobile, David Kurtz, AT&T Interactive. Commentator: Christian Petersen, Cloudmade
Workshop B: What Developers Should Know About Monetization, Marketing and Analytics
Workshop Leaders: James Parton, Telefonica, Michael Oiknine, Apsalar, Peter Vesterbacka, Rovio, Larry Berkin, Steve Manning, Opera. Commentator: Sheena Chandrok, MoMo Seattle
Workshop C: Building Great Apps Using Mobile Web Standards
Workshop Leaders: James Pearce, Sencha, Matt Womer, W3C, Dan Appelquist, Vodafone, Commentator: Enrique Ortiz, MoMo Austin
3:00-3:30 Coffee Break
3:30-5:00
Workshop A: Multiscreen World/Native vs Web
Workshop Leaders: Phil Lenton Compsoft Plc, Ben Keighran, Chomp, Mario Tapia, Mobile Monday, Silicon Valley, Adam Boyden, Conduit. Commentator: Raj Singh, Mobile Guru
Workshop B: Cost of Innovation: Can Small Companies Still Compete?
Workshop Leaders: Mike Rowehl, Churn Labs, JT Buffmire, Sprint Emerging Solutions Group, Raam Thakrar, Touchnote, Jeff Haynie, Appcelerator. Commentator: Juha Christensen, Partner, Progression Partners
Workshop C: How to Design for Context in Mobile
Workshop Leaders: Olof Schybergson, Fjord, Peter Marx, Qualcomm. Commentator: Brian Fling, Pinch/Zoom
5:00-5:30 Thoughtful challenge : Soft SIM and the implications for breaking the Visa/Mastercard duopoly
5:30-6:00 Last Words, Wrap-up
6:00-7:30 COCKTAIL PARTY!!
For more information and registration: Mobile 2.0 Silicon Valley
UK Mobile Operator Joint Venture Critical for Success in NFC Mobile Payments
The newly announced mobile marketing and mobile payments joint venture between Everything Everywhere, Telefonica O2 and Vodafone in the UK is a positive move, and will enable these mobile operators to secure a position at the heart of the nascent NFC contactless payments ecosystem, according to a new report by Strategy Analytics , entitled “Collaboration Essential to Operator Success in Proximity Payments.” The report underlines the importance of successful mobile operator partnerships to reduce fragmentation, boost scale, and help position strongly against competitors, such as Google Wallet. [Read more…]
UK Mobile Companies Plan Mobile Payment Joint Venture
The U.K.’s three biggest wireless operators said Thursday that they would create a mobile-payment joint venture, entering the high-stakes scramble among wireless operators, tech firms and credit-card companies to popularize a way of making purchases with the wave of a cellphone.
Vodafone Group PLC, Telefonica SA’s O2 and Everything Everywhere said their new venture would create a “mobile wallet,” which cellphone owners can wave in front of censors to pay for goods. It also aims to establish a central portal for advertisers to deliver discounts and loyalty offers to participating U.K. cellphones. [Read more…]
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