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Articles tagged with: Mobile Payments and Mobile Banking
Providers Find Lucrative Market for Mobile Money Services
Providing financial services to some of the world's poorest people through mobile phones is proving to be a lucrative business in developing nations. The GSM Association, which represents the global telecom industry, says the number of people using mobile phones to send or receive money will grow exponentially in the next few years. more
Related Tags: mobile-money, security
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: security, mobile-money
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: USA
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, 3, mobile-content, play, wap, security, USA
900 Million Users for Mobile Banking & Payment Services by 2012
The latest figures from IMS Research show the combined forecasts for users of contactless mobile payments, mobile banking and over the air (OTA) transactions to reach 884 million in 2012. This is the cumulative number of users expected to adopt new technologies, platforms and services who are expected to complete 62 billion transactions between them in that year. more
Related Tags: nfc, docomo, ims-research, ims, western-union, mobile-money
Innovative Pricing to Retain Customers in North American Markets
The North American mobile communications market is fast approaching saturation and mobile service providers need to target the pre-paid and credit-challenged segments to increase market share. Both wireless and direct-to-consumer data services are key areas to sustain revenues. more
Related Tags: mobile-data, social-networking, arpu, rcom, mobile-advertising, USA
Banking Tech Vendors Have a Big Role to Play in Mobile Banking
Mobile banking is growing at a feverish pace to emerge as a powerful "right here, right now" channel for banks to connect with their retail and business customers, as well as reach new customer segments. Mobile banking is already a strategic business and technology priority for the top U.S. banks. While these major players have the financial and technical resources to make a strategic commitment to the mobile channel, most mid-tier and small banks are innovation and/or cost-challenged on this front. more
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Mobile Financial Transactions to Generate Over $587 Billion by 2011
A new report by Juniper Research finds that the rush by banks and mobile operators to deliver financial services to the mobile phone will result in just over 612 million mobile phone users generating over $587 billion worth of financial transactions by 2011. more
Related Tags: juniper-research, london
Cellphone Banking First Step toward Mobile Wallets in the USA
The US seems to be moving closer to a goal of using mobile handsets to accomplish financial transactions and make purchases as several competing market players align on both technology and objectives, reports In-Stat. Although 2008 will not be "the year of mobile payments" in the US, some progress is likely, the research firm says. more
Related Tags: nfc, near-field-communication, rcom, in-stat, near-field-communications, USA
Over 40 Million US Consumers Will Use Mobile Banking by 2012
Long stalled by lack of adoption and a range of technical issues, new research from TowerGroup finds that mobile banking is finally coming into its own. Banking over the mobile channel, especially when considered in the context of an evolution toward mobile payments, is now fast becoming a market mandate - and is no less important than the dawn of Internet banking in the late 1990s. more
Related Tags: mobile-data, privacy, India