Abstract
Using mobile handsets to accomplish financial transactions and purchases is
starting to appear as something inevitable in the worldwide marketplace.
However, In-Stat does not believe that 2008 will be "the year of mobile
payments." It may not even qualify as "the year of trials of mobile payments."
However, there is evidence that the US market may overcome a crucial issue-
technology incompatibility- and make progress toward contactless payments
using cellphones.
The key enabling technology will be near field communications (NFC) chips
deployed into handsets as well as in merchant payment terminals.
This report includes a review of recent progress in deployment of financial
services in cellphones and includes brief profiles of many of the companies
involved with bringing those services to the market, particularly in the US.
This report is important for any company considering offering mobile payments
and mobile financial services including operators, handset vendors,
application developers, and semiconductor makers.
Table of Contents
- Executive Summary
- Introduction
- It' s Working in Japan
- Conditions in the US May Be Improving
- There Have Been Failures
- The Vision for Mobile Wallet
- Contactless Payments
- Expanded Shopping and Purchases
- Mobile Banking and Transactions
- Content Discovery and Other Functions
- Identification
- Personal Payments, Transfers, and Remittances
- Companies, Practitioners, and Initiatives
- Mobile Operators
- SWOT Analysis, Mobile Operators
- AT&T Mobility
- NTT DoCoMo
- KDDI
- Cellular South
- Verizon Wireless (US)
- Sprint Nextel
- Trusted Service Manager/Application Provider
- SWOT Analysis, Trusted Service Manager/Application Providers
- PayPal
- Firethorn Holdings
- Obopay
- mPoria
- ClairMail
- mFoundry
- Hardware and Semiconductor Vendors
- SWOT Analysis- NFC Hardware and Semiconductor Vendors
- ViVOTech
- Moversa
- INSIDE Contactless
- SIM Card Vendors
- Merchants
- Industry Groups
- Global Mobile Money Transfer (GSM Association)
- Pay-Buy-Mobile (GSM Association)
- Consumer Attitudes Toward Mobile Transactions
- Conclusions and Forecasts- M-Commerce in the US
- Strengths
- Weaknesses
- Opportunities
- Threats
- The Missing Link- Who Gets Paid?
- Other Issues
- Forecast
- Mobile Financial Services (including Contactless Payments) Forecast-
North America
- Contactless (NFC) Payment Forecast- North America
- Methodology
- End-User Survey
- Industry Research
- Related In-Stat Reports
List of Tables
- Table 1. DoCoMo Mobile Payment Options
- Table 2. Merchants Participating in Cellular South NFC Initiative
- Table 3. Barriers to Using Cellphone for Small Transactions
- Table 4. Current Transaction Methods
- Table 5. North American Mobile Financial Services Users
- Table 6. North American NFC Transaction Subscribers
List of Figures
- Figure 1. Forecast Subscribers to Mobile Financial Applications- North
America
- Figure 2. Mobile Wallet Components
- Figure 3. Mobile Payment Ecosystem
- Figure 4. Personal Payments Diagram- PayPal
- Figure 5. Personal Payments Diagram- Obopay
- Figure 6. mPoria Shopping Screen
- Figure 7. Consumer Interest in Mobile Wallet Capabilities
- Figure 8. Primary Benefits of Using Cellphone for Small Transactions
- Figure 9. Primary Barriers to Using Cellphone for Small Transactions
- Figure 10. Preferred Transaction Source
- Figure 11. Mobile Financial Services Users- Expected Forecast
- Figure 12. North American NFC Transaction Subscribers
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