Abstract
A recent news report highlighted that many users trust their mobile more than
their bank when it comes to handle money. Mobile payment, also called
M-payment or mpayment, is at forefront of this technological innovation,
development and establishing this element of trust and security. The
improvement of security has seen the use of mobile funds transfer and
transactions increase both in quantity of goods and services purchased, as
well as value.
The direct and obvious benefits of enabling large-ticket items such as airline
tickets and life insurance premiums is clear, but also the subtle message it
conveys to the consumers is even more significant. Initially, few customers
will spend great amounts every day on their mobile but the increase in limits
by banks and vendors underscores the confidence in the channel. The coming of
age of mobile payments will drive any sceptics to adoption.
The options to purchase goods and services, which previously were available on
the internet, are now being made accessible on mobile phones. There is now a
window of opportunity for businesses, consumers and you - you should take
advantage of it.
All the stakeholders: mobile phone operators, developers and manufactures of
payment systems, regulatory and standardisation bodies and services providers
are now working together to make the mobile payments a commercial success.
They are aware that the market is gaining mass popularity and reaching
' critical' mass. The recent testing of mobile payment technologies at mass
scale has increased prospects for mobile payment' s application in more areas
and a faster growth in future.
“Everyone now has a mobile phone, which makes it a logical alternative to
using debit and credit cards,” says the CEO of one of the markets leading
players. According to him, the options that mobile phones now have for
handling bank transactions must be expanded to include a mobile payment
procedure and numerous further applications will be developed in this area in
the next few years.
Our brand new report, Mobile payments: markets, analysis and forecast,
2010-2015, provides you with a clear insight of the mobile payment' s
technologies and methods, areas of applications and use, markets, supporting
factors and concerns, insight on the industry' s leading players, and an
analysis of the future growth and forecast. It examines the opportunities
offered to mobile payments stakeholders in view of the different trials and
surveys involving all of them, including the consumers.
By reading this 100+ page report you will understand all of the exciting
opportunities that will be available to increase your revenues and brand
awareness.
Why you must buy this report?
This unique report answers clearly, succinctly and in a business-critical
manner key questions you must answer to succeed in this area, such as:
- What is the most effective mobile payment system, which available
technologies will succeed; how to make mobile payments profitable quickly;
future applications of the mobile payments?
- What are the main markets of mobile payments?
- What are the commercially attractive and potentially higher-end
applications of mobile payments?
- Who are the main players in m-payments, what are they doing and what will
they be doing by 2015?
- How you can be involved in shaping this markets future?
- Achieving higher revenue/ financial gains for stakeholders on a per
transaction basis and by introducing new revenue streams
- Where the mobile payments market is expected to be in the next five years?
Who should buy this report?
Directors, VP and Senior managers at business such as:
- Mobile/ Cellular carriers and operators
- Banks and credit card companies
- Financial services providers
- Handset manufacturers
- Mobile handset security providers
- M-ticketing providers
- Brands looking to tap into the mobile audience
This report shows you how the m-payments market will develop worldwide - both
technologically and commercially - from 2010 onwards.
You can obtain this report today
Nobody with an interest in the mobile and m-payments market should overlook
this new market study. We predict that total revenues will increase during the
forecast period, 2010 to 2015. With expanding markets, technological advances
and significant un-met needs, this sector offers high commercial potential. Do
you want to harness those opportunities? You can stay ahead by ordering this
report today.
Table of Contents
1. Mobile Payments
- 1.1. Introduction
- 1.2. M-payments reaching the ' critical mass'
- Chart 1. Mobile payment adoption survey
- Chart 2. Mobile payment adoption survey
- 1.2.1. Overview of M payments
- 1.2.2 M-payments beyond Pilot Phase
- 1.3. Adoption in Asia Pacific
- 1.3.1. Japanese initiatives in M Payments
- 1.4. Merger of Finance and Technology
- 1.5. Specific Advantages of M Payments
- 1.5.1. Benefits to consumers
- 1.5.2. Benefits to retailers
- 1.5.3. Benefits to manufacturers and developers
- 1.5.4. Benefits to network operators
- 1.6. Security: The Major Downside
- Figure 1 the mobile payment landscape
- 1.7. Implementation of M Payments
- 1.7.1 Retailer and customer adoption
- 1.7.2. M-payment: Consumer-adoption
- 1.7.2.1 Nokia and O2 trial
- 1.7.3. M-payment adoption and the stakeholders
- Table 1: IRDA Major Stakeholders
- 1.7.4 Barrier to Adoption
- 1.8. M-payment technologies
- 1.8.1. NFC (near field communication)
- 1.8.2. RFID (radio-frequency identification)
- 1.8.2.1. RFID in m-payment
- 1.8.3. Bluetooth
- 1.8.3.1. Bluetooth in m-payment
- 1.8.4. IrDA, protocols and standards
- 1.8.4.1. IrFM
- 1.8.4.2. IrReady
- 1.8.4.3. IrSimple
- 1.8.5. FeliCa
- 1.8.6. Barcode scanning
- Figure 2: Mizuho,s Payment Platform
- 1.8.7. Pre-paid payments
2. M Banking and M Commerce
- 2.1. Mobile banking: An Overview
- 2.1.1 M-banking and scope of its services
- 2.1.2 M-banking vs. mobile bank
- 2.1.3 M-banking - downloaded and pre-loaded
- 2.1.4 M-banking services by Citibank
- 2.1.5 M-banking services in UK
- 2.1.5.1 M-banking services in UK grows by over a quarter every year
- 2.1.6 M-banking services growth in the US
- 2.1.6.1 M-banking and I Phone
- 2.1.7 Malaysian M Banking Prospects
- 2.1.8 Brazil aims 1 million m-banking users by 2012
- 2.1.9 M Banking Awareness
- Chart 3: US Mobile banking forecast
- 2.1.10 African M Banking Scenario
- Chart 4: Mobile Banking in Africa
- 2.1.10.1 More South africans are using Mobile banking now
- 2.1.11 Japanese ' New Bank'
- 2.1.12 Linking adoption, impact and use in the developing world
- 2.1.13 Pre-paid mobile - banking for all
- 2.2 M Trading Advancements
- 2.2.1 M-Commerce defined
- 2.2.2 Types of M-Commerce
- 2.2.3 Comparing M Commerce with E Commerce
- 2.2.4 M-Commerce: Content Purchase and Delivery
- 2.2.5 M-Commerce in content purchase
- 2.2.5.1 Advertising, Promotions and information services
- 2.2.5.2 Advertising
- 2.2.5.3 Location based service
- 2.2.5.4 Information Services
- 2.2.6 Mobile Brokerage
- 2.2.6.1 M-trading: equities, commodities and Forex trade
- 2.2.6.2 Central Bank of India, Rev and Mastercard
- 2.2.6.2.1 Reliance announces Mobile trading
- 2.2.7 Mobile Auctions
- 2.2.8 M-commerce and security challenges
3. Mobile Wallet and Mobile Remittance
- 3.1 The Card-in-Phone Technology
- Figure 3: Mobile Wallet Network Map
- 3.1.1 M-Wallet and Visa
- 3.1.1.1 Visa' s Mobile Platform
- 3.1.1.2 Visa in mobile money transfer pilot in US
- 3.1.2.3 Nokia in collaboration with Visa
- 3.1.2.4 Visa and Android Platform
- 3.1.2.5 Visa' s m-payment gains global momentum
- 3.2 Mastercard
- 3.2.1 MasterCard in m-payments: MasterCard mobile program
- 3.2.1.1 MasterCard and Moneysend
- 3.2.2 Mastercard Paypass
- 3.2.3 The spread of PayPass
- 3.2.4 Mobile Mastercard Paypass
- 3.2.5 MasterCard' s enhanced security
- 3.2.5.1 MasterCard and M/Chip advance
- 3.3 Mobile payment forum: Visa and MasterCard to co-promote mobile payments
- 3.3.1 J.P.Morgan Chase
- 3.3.2 JPMorgan' s blink
- 3.3.4 Advantages of ' blink' for customers and Merchants
- 3.4 TCH and FSTC M Commerce initiative
- 3.5 SEMOPS
- 3.5.1 SEMOPS - a new concept in m-payments?
- 3.5.2 Will SEMOPS become a major player?
- 3.6 Japan - NTT DoCoMo' s iD mobile wallet
- 3.7 Mobile Remittance: An Overview
- 3.7.1 Influence on macro and microeconomic Activity
- 3.7.2 Global trends in flow and growth of Remittances
- Chart 5 Growth of Global Remittance Flow3.7.3 Trends in remittances'
flows into recipient Countries
- 3.7.4 Migration patterns and remittances Corridors
- 3.7.5 Outflow of Remittance from UK
- 3.7.5.1Remittances from UAE
- 3.7.6 Drivers of implementation and growth of mobile remittances as a
single market
- 3.7.6.1 Financial infrastructure
- 3.7.6.2 Cost reductions and mobile remittances
- 3.7.6.3 Mobile remittances vs. IMTS, and monitoring/prevention of
money laundering
- 3.7.6.4 Exploiting the rural networks
- 3.7.6.5 Mobile Infrastructure and mobile remittances growth
- 3.7.6.5.1 Global mobile penetration
- 3.7.7 Technological developments
- 3.7.7.1 The development of m-transaction
- 3.7.7.2 Device convergence
- 3.7.7.3 Convergence embraces mobile transaction
- 3.7.7.4 Low-cost handsets
- 3.7.7.5 Push and Pull SMS Banking
- 3.7.7.6 STK-enabled mobile transaction
- 3.7.7.7 IVR banking service delivery
- 3.7.7.8 USSD/USSD2
- 3.7.7.9 WAP service delivery
- 3.7.7.10 Service delivery via J2ME applications
- 3.7.8 Vendor implementation of Mobile remittance
- 3.7.8.1 Business models
- 3.7.8.1.1 Mobile operator as bearer channel provider
- 3.7.8.1.2 Mobile operator as bearer and banking application host
- 3.7.8.1.3 Linking MNO' s with Banks
- 3.7.8.1.4 MNO adoption of financial institution status
- 3.8 Business model options for financial Institutions
- 3.8.1 Service models
- 3.8.2 mWallet to mWallet
- 3.8.3 mWallet to Cash
- 3.8.4 Cash to mWallet
- 3.9 Financial and mobile industry convergence - control points and
requirements in implementation
- 3.9.1 Regulatory requirements
- 3.9.2 Formalizing remittance flows
- 4.1 NFC: An Overview
- 4.1.1 Implementing NFC
- 4.1.2 Specific Advantages of NFC
- 4.1 Future of NFC applications
- 4.2.1 The case for NFC in M Payment
- 4.2.1.1 Mobile Ticketing and NFC
- 4.2.1.2 London trial laid the foundation
- 4.2.1.3 NFC application in M Ticketing
- 4.2.2 NFC use with other devices
- 4.2.3 NFC as a Marketing tool
- 4.2.4 NFC in connectivity
- 4.2.5 NFC in maximizing other platforms and devices
- 4.2 The technological aspects of NFC: what does it evolve around?
- 4.2 NFC and its stakeholders
- 4.4.1 Need for the forum
- 4.4.2 NFC stakeholders: Nokia and O2 take the lead
- 4.4.2.1 Successfull O2-Nokia Oyster Trial
- 4.4.2.2 Nokia-O2 trial: insight of future service
- 4.4.3 NFC stakeholders: US BART trial
- Chart 6: NFC US issued patents
- 4.5 Compatibility with other devices
- 4.5.1 NFC devices: Nokia 6131
- 4.5.2 NFC readers/writers
- 4.6 Significant developments in NFC
- 4.7 RFID: An overview
- Chart 7: Global sales of RFID
- 4.7.1 M-RFID
- 4.7.2 RFID applications and markets
- 4.7.2.1 RFID in mass transit
- 4.7.2.2 RFID application in logistics
- 4.7.2.3 RFID use in supply chain management
- 4.7.2.4 RFID in sports & leisure ticketing
5. Mobile Parking, Mobile Ticketing and Mobile Vouchering
- 5.1.1 The need for Mobile parking
- 5.1.2 Switching from conventional parking to M Parking
- 5.1.3 Regions that have adopted Mobile parking by now
- 5.1.4 Variations of mobile parking and how it works
- 5.1.5 Carbon metered parking and ANPR.
- 5.1.6 Issues and Concerns
- 5.1.7 Overview of a few M Parking companies.
- 5.1.7.1 RingGo
- 5.1.7.2 ParkMobile
- 5.1.7.3 SMS4Parking
- 5.1.7.4 Verrus
- 5.1.7.5 Mpark
- 5.2 Mobile Ticketing
- 5.2.1 M-Ticketing - off the rails
- 5.2.2 M-tickets at the O2 Wireless Festival
- 5.2.3 Nokia creates live nation - Priority M-Ticketing
- 5.2.4 M-ticketing takes flight
- 5.2.5 Arriva introduces Mobile Ticketing
- 5.2.6 Kingfisher launches Mobile Ticketing
- 5.3 Mobile Voucher
- 5.3.1 Eagle Eye Solutions
- 5.3.2 Vivotech and Eagle Eye Solution
6. Mobile Payments on Social networks and Gaming
- 6.1 Mobile Payments on Social Networks
- 6.1.1 Facebook and Zong partners towards Virtual Currency
- 6.1.2 Boku alliances with Mocospace
- 6.1.3 Paymo and Hi5
- 6.1.4 Amazon and its Mobile Payment Service
- 6.1.5 GoPayforit
- 6.2 Online Gaming and Mobile Payments
- 6.2.1 Obopay enters Mobile Gaming
- 6.2.2 Boku' s Gaming arena
- 6.2.3 Mochi Media opts for Zong
- 6.2.4 Handmark integrates with Amazon' s MPS
- 6.2.5 Outspark started sparkcash
7. Security and Standardization
- 7.1. M-payment: security and standardization
- 7.1.1. Consumer expectation
- 7.2. Mobile payment security
- 7.2.1. Security is vital to m-commerce adoption
- 7.3. Security issues: industry should find standardized solution to
protect customers
- 7.4. M-payment security: GSMA ' pay-buy mobile' initiative
- 7.4.1. GSMA initiative: trial in Korea
- 7.5. Handset manufacturers UICC support
- 7.6. M-payment security and user identification
- 7.6.1. M-payment security: IST' s SecurePhone
- 7.6.2. M-payment security:
- 7.7. Standardization as an achievable goal
8. Conclusions and Forecasts
- 8.1. M-payment - In the near future
- 8.2. M-payment: Practical implementation
- 8.3. M-payment: prevailing conditions
- 8.4. M-payment' s future growth
- 8.5. M-payment: Collaborating with business
- 8.5.1 Niche market adoption
- 8.5.2. M-payment stakeholder adoption
- 8.6. Opportunities for m-payment stakeholders
- 8.6.1. Business-to-business applications and opportunities
- 8.7. Benefits and drawbacks
- 8.7.1. Benefits
- 8.7.1.1. Consumer benefits
- 8.7.1.2. Benefits to stakeholders
- 8.7.2 Drawbacks/shortcomings
- 8.7.2.1. Possible shortcomings consumers see at this stage
- 8.7.2.2. Possible shortcomings: service providers/retailers
- 8.7.2.3. Possible shortcomings: mobile network operators
- 8.8. Forecast
- 8.8.1. Where will this growth come from?
- Chart 8 M Payment Market Forecast
- Chart 9 Annual M Payment Growth Rate
- 8.8.2. M-payment growth: geographical expansion
- Chart 10 Share of transaction by Services
- 8.8.3. Lessons to be learnt by the industry
Companies Listed
- 3
- 7-Eleven
- A1 Bank
- Abbey Group
- Agilent
- Alliance & Leicester
- Alltel
- Amadeus
- American Express
- America Online
- AOL
- Arby' s
- AT&T
- au
- AuthenTec
- Barclays
- BancorpSouth
- Bank of America
- Banksys
- Base
- BB&T
- Bharti Telesoft
- Boater' s World
- Bouygues Telecom
- British Airways
- Broadcom
- Bull Hungary
- Burger King
- Cellfire
- CheckFree
- Chiltern Railways
- China Mobile
- Citi
- Citizen' s Bank
- Coca-Cola
- Columbia Card Services
- Comerica
- Compaq
- Cricket
- CrossCheck
- CSAM
- CVS/Caremark
- Danal
- Deloitte & Touche
- Deutsche Bank
- Diners Club
- Dolby
- dotMobi
- eBay
- Ecrio
- Extended Systems
- Firethorn
- First Direct
- First National Bank (FNB)
- Fornax
- France Telecom
- Fraunhofer FOKUS
- Frontier Economics
- CheckFree
- Chiltern Railways
- China Mobile
- Citi
- Citizen' s Bank
- Coca-Cola
- Columbia Card Services
- Comerica
- Compaq
- Cricket
- CrossCheck
- CSAM
- CVS/Caremark
- Danal
- Deloitte & Touche
- Deutsche Bank
- Diners Club
- Dolby
- dotMobi
- eBay
- Ecrio
- Extended Systems
- Firethorn
- First Direct
- First National Bank (FNB)
- Fornax
- France Telecom
- Fraunhofer FOKUS
- Frontier EconomicsM-Payments 2008
- KTF
- Kyocera
- LaSalle Bank
- LG Electronics
- Libri
- LINK
- Link Evolution
- Lloyds TSB
- MasterCard
- Maxis Communications
- MBlox
- MBNA
- Mcdonald' s
- MCI
- Meijer
- Mellon
- mFoundry
- Microsoft
- Mitsubishi-Tokyo-UFJ
- Mizuho Bank
- MoBeam
- Mobilkom Austria
- MobiPay
- Money Gram
- Monitise
- Morgan Stanley
- Motorola
- Movistar
- MP3NY
- Garanti Bank
- Gemalto
- Globe Telecom
- Google
- Grameen Bank
- Groupe d' Economie Mondiale
- GTECH
- Harex InfoTech
- HBOS
- Helio
- Hewlett-Packard
- Hitachi
- Hong Kong CSL
- HSBC
- IDTechEx
- In2M
- Infineon
- Ingenico
- Intrasoft
- IST
- JCB
- JPMorgan Chase
- KALL
- KDDI
- Kereskedelmi es Hitelbank (Commercial and Credit Bank Hungary)
- KeyBank
- MTC-Vodafone
- MTN
- National Bank of Kuwait
- National City
- NatWest
- NEC
- New Bank (Shinginko)
- Nokia
- Nova Bank
- Novalog
- NTT DoCoMo
- NXP Semiconductors
- O2
- Obopay
- OneBip
- Oracle
- Orange
- Oyster
- Palm
- Panasonic
- Pantech
- PayCircle
- PayForIt
- PayPal
- Personal Solutions
- Piraeus Bank
- PNC
- Profitrade
- QUALCOMM
- Raiffeisen Bank
- Regal Entertainment
- Regions Financial
- Ritz Camera
- Rogers Wireless
- Safaricom
- SafePay Systems
- Safeway
- Samsung
- SFR
- Sheetz
- SimPay
- SingTel
- SK Telecom
- Smart Communications
- Smart SMS
- Societe Generale
- Softbank
- Sony
- Sprint Nextel
- SSB
- Starbucks
- Suica
- Sumitomo Mitsui Bank
- SunTrust
- Symbian
- Telecom Italia (TIM)
- Telefonica Moviles Espana-Payments 2008
- ViVOtech
- Vodafone
- Vodafone-Panafon
- Wachovia
- Walgreen
- Wawa
- Wells Fargo
- Westel Mobil
- Western Union
- w-HA
- Wikipedia
- Wind
- WIT-Software
- Xringer
- YourRail
- Zagat
- ZiLOG
- Telenor
- TeliaSonera
- Tesco
- Texas Instruments
- TextPayMe
- T-Mobile
- Toshiba TEC
- Turkcell
- Unify Media Group
- US Bank
- Valista
- VH-1
- Virgin
- Verifone
- Verizon
- Verrus
- Vimpelcom
- Visa
- Parking tag
- Txt-a-park
- Ring go
- Park mobile
- SMS 4 Parking
- Verrus
- M park
- Mobilkom
- Arriva
- Eagle Eye
- Vivotech
- Kelsey Group
- Constat
- Mobilcash
- Zong
- Boku
- Mocospace
- Paymo
- Hi5
- Amazon
- Gopayforit
- Obopay
- Boku
- Gambit
- Meez
- Aeria Games
- Jambool
- Cyberstep
- IGG
- 6Waves
- Mochi media
- Comscore
