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Articles tagged with: Mobile Payments
Transactions of Long Awaited Mobile Money Rise in Europe
Both mobile operators and banks are turning to mobile transactions to foster loyalty and drive revenues. Ranging from vouchers and bank balance checks to remitttance and top-up payments, mobile money is finally coming to fruition in both the banked and unbanked sector, while near field communication (NFC) promises to be the pot of gold at the end of the rainbow. more
Related Tags: mobile-banking, security
1 In 6 Mobile Subscribers to Have NFC Mobile Phones by 2014
A new analysis from Juniper Research of the $110bn NFC opportunity forecasts that one in every six mobile subscribers globally will have an NFC enabled device by 2014. Currently adoption is centred on the Far East, with use very limited outside of this region. more
Related Tags: nfc
Telecom Italia to Enable Mobile Payments from 2010
Telecom Italia has announced that it will start supporting payments via mobile phones from next year in association with the Italian Movincom Consortium. more
Related Tags: telecom-italia, mobile-commerce, security, Italy
Contactless and Mobile Payment Solutions Must End Market Stagnation
Contactless payments ecosystem is presently a series of "islands" with little-to-no mutual realization of value among the various constituents, claims Javelin Strategy & Research. A report from the company indicates that the success of contactless solutions depends on some disruptive factor or wide-scale deployment that bridges the gaps and allows for value creation among all constituents that connects the islands. more
Related Tags: near-field-communications, nfc, base
Nearly Half of All Mobile Phone Users Will Do Mobile Banking in 2014
Mobile banking in the USA is quickly moving from a "techie" to mainstream capability that is changing how consumers manage their finances today, reports a new study from Javelin Strategy & Research. The increase in usage is expected in turn to change how consumers pay for goods in the future. more
Related Tags: mobile-banking, USA
Companies and Technologies Vie to Enable Mobile Payment Services in China
In a market where 100 million users of remote payment still represents a nascent segment, China's mobile payment services market is the focus of multiple competing companies and alternative technologies. Mobile payment services in China are characterized by two main types: local payment services and remote payment services. Local payment and bank account-based remote payment services are still in their early stages, while non-bank account-based remote payment services are the mainstream of China's mobile payment services market. more
Related Tags: China
NFC Mobile Payments to Exceed $30bn by 2012
A new analysis from Juniper Research of the NFC opportunity forecasts that the application of NFC as a mobile retail marketing tool via coupons and smart posters will support the growth of NFC mobile payment transaction values from $8bn in 2009 to $30bn within three years. more
Related Tags: nfc, coupons, three
UK Sets Down Anti-Fraud Guidelines for Mobile Payments
The potential for mobile phones to be used as payment wallets has lead to the UK Government setting up a team to ensure fraud is not a significant problem. The new technology, which will allow customers to buy things by swiping them over sensors is being trialled by phone companies and banks in the UK. In an effort to design out opportunities for crime and reduce harm to consumers the government has been working with industry to ensure the technology builds in tough security measures at the earliest stages. more
Related Tags: nfc, security, UK
U.S. Mobile Financial Services Markets Expected to Reach $1.46 Billion in 2013
Accounting for over 3 billion subscribers worldwide, mobile devices have emerged as a convenient and safe mode to conduct financial transactions. Both m-commerce and mobile banking services are being widely deployed across the United States. These services go beyond the traditional role of providing digital or mobile content services and allow for the procurement of physical goods. more
Related Tags: m-banking, m-commerce, frost-and-sullivan, text-messaging, mobile-banking, 3, mobile-content, play, wap, security, USA
Mobile Payments Surging Ahead with Opportunities in Emerging Markets
In the last five years, markets with mobile payment offers have matured with a variety of players entering the industry value chain and new services being launched. Initially, there was a race to enter the market and a strong rivalry between different technological propositions that would facilitate mobile transaction channels. Today, we observe that, in many national markets, only one or two dominant mobile payment platforms (e.g. the paybox platform in Austria) have prevailed, and key issues now being addressed include cross border interoperability and standardization. more
Related Tags: arthur-d.-little, near-field-communication, nfc, m-banking, tim, itu, ovi