Mobile Payments and Banking

Key Coverage

The major industry analysis covered within the Mobile Payments and Banking includes:

Remote mPayments - the purchase of digital or physical goods and services via the mobile phone while the subscriber is not present at the point of purchase.

Local mPayments - purchases made at a ‘Bricks & Mortar’ retailer or service provider made while the subscriber is physically present at or near the point of sale, using the mobile payment mechanism as an alternative to cash or ‘plastic’ (credit or debit cards). Typically local mPayments employ the use of a Point of Sale (PoS) terminal, and the majority of these applications are likely to employ short-range radio or ‘contactless’ technologies, often referred to as Near Field Communications(NFC) technologies.

mBanking Services - messaging services to provide notifications and information regarding the subscriber’s account, and mobile access to standard on-line banking services such as credit transfers between accounts, paying bills and selling/buying stock.

mTransfer Services - the movement of money or value from person-to-person (P2P) via the mobile phone. The funds are moved between either an account on the phone in an m-Wallet or on a linked credit or debit card. The funds can then be used to pay for airtime, for goods or services or redeemed for cash at physical sites. Currently, the majority of these services are utilised for P2P transfers in domestic markets, but there are tremendous opportunities and developments in providing international P2P transfers (remittance).

forecasts

Global Forecasts to 2013:

• Mobile data subscribers by region
• mPayment subscribers by region
• mPayments subscribers by service type
• Number of mPayment transactions by region
• Number of mPayments transactions by service type
• Transaction value of mPayments by region
• Transaction value of mPayments by service type
• Service revenues from mPayments by region
• Service revenues from mobile payments by service type

Regional Forecasts to 2013:

• mPayments subscribers by service
• Average number of mPayments transactions per subscriber by service type
• Total number of mPayments transactions by service type
• Average value per mPayment transaction by service type
• Total value of mPayments transactions by service type
• Service revenues from mobile payments by service type