Trending this month

Showing posts with label payments. Show all posts
Showing posts with label payments. Show all posts

April 7, 2015

global mobile payment transaction at $721billion, asia pacific bigger market than america

global mobile payments transactions at $721billion, asia pacific bigger market than america

Global mobile payment transaction volume is set to reach 721 billion USD by 2017. Today  the number of people having a phone  that can be used as a " payment device" is much much bigger than those having a bank account or a credit card
Asia Pacific will account for having  the biggest   base for mobile payments in 2015 as well as 2016 replacing US ..The most popular digital  wallets usage by US consumers are paypal,google wallet and Apple Passbook

Apart from Food industry and  entertainment (movies, concert, shows ).retail  industry have the highest adoption of " Mobile Payments" in the US

May 27, 2012

Top 5 Players set to cash in on Mobile payments, led by 68% growth

The Mobile Payment Space is the new Battlefield in the tech industry ' " and  has gener proated a lot of Companies keen to grab a pie in what is seen as the next Biggest Tech distruption after Online Banking .  A recent post from Cnet 
provides some key insights on the major 5 Players who  will be in the forefront of action

ISIS, the joint venture between three of the national wireless carriers designed to spur the development of a wide-reaching mobile-payment system,  has  partnered with Visa, MasterCard, and American Express.

Google, , made its first mobile payment move with Google Wallet, an app and payment system that combines deals and discounts with NFC and digital payments. At the onset, Google Wallet will work with MasterCard's PayPass system and only on Sprint's Samsung Nexus S 4G. Citi and FirstData are also partners. Google Wallet is currently undergoing trials in San Francisco and New York, and is meant to launch in full "this summer."
Square is an app and a small, cubelike credit card-reading attachment that slips into the 3.5mm headset jack of mobile phones and tablets, which lets  businesses swipe credit cards through the Square attachment to accept payments. The app also manages peer-to-peer transactions in competition with PayPal. Square has also been pitched as an alternative to NFC. 

PayPal, eBay-Asia owned pioneer of peer-to-peer payments online, already has several apps for mobile phones, and APIs so that other app-creators can add PayPal modules to their own software (like Bump). 

Phone manufacturers: Nokia and Samsung are the first to bring NFC-enabled handsets to the U.S. market (Nokia began with NFC as early as 2008). Microsoft's next wave of Windows Phones will also be NFC-enabled, according to at least one report

Credit card brands and banks have already partnered with each other and with other mobile payment players. Visa, for instance, has invested in Square, American Express  has  tie up up with Sprint, and MasterCard and Citiis likely to go with  Google.