Kevin’s Mobile Money News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile payments, mobile money, e-wallets, mobile banking and mobile security that I run across each week. I am specifically targeting market size and market trend information.
EBay sees growth in mobile payments, pushing its PayPal service toward the offline world.
Mobile shopping grew a massive 310 percent from last year as shoppers choose to dial up deals rather than deal with the crowds and traffic.
Dueling mobile money deployments have already racked up some impressive numbers in the Fiji Islands, a country of 800,000 people and over 300 islands. After only four months of service, nearly a quarter of all Fijians now have mobile wallets allowing them not only to transfer money to each other, but also to pay utility bills as well as top up their mobile phone airtime.
Users of handheld devices can expect to see new capabilities, such as digital wallets and mobile phones that can translate signs in other countries into the user's native language.
Gartner predicts that the number of mobile payment users will reach more than 190 million in 2012, representing more than three percent of total mobile users worldwide and attaining a level at which it will be considered "mainstream”.
The mobile phone may soon be someone's ticket to board any transit system in the world. An alliance unveiled Tuesday by Inside Secure and other European technology firms is aimed at making that vision real with chips that can turn smartphones into wallets.
John Squire, chief strategy officer at IBM Coremetrics, which tracks online sales, said online shopping on Black Friday and Cyber Monday via mobile devices made a significant jump from last year. Squire said last year shopping via mobile devices did not even register one percent of the web retailers' intake. This year it was nearly four percent.
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As smartphone use rises, banks are looking for ways to help people bank on the go and build loyalty. But few banks have invested heavily in mobile web technology, opting instead to develop device specific downloadable mobile apps.
Nearly 40 percent of banking institutions now offer banking services over the mobile Web, accessible to smartphones such as Apple's iPhone. Banking by text message is also a popular option among banks, 32 percent offer banking services and/or alerts by text messages.
Mobile banking services in Kenya have helped to recruit over 700,000 customers and mobilized over $5 million in deposits.
Chase has launched its new Chase Mobile Android Application with Chase QuickDeposit, which allows Android smartphone users to track their Chase account activity, deposit checks, and pay bills and credit cards whenever and wherever they want.
Wells Fargo & Co. is testing mobile payments through a pilot program with Visa Inc., stepping up competition with telephone companies that also hope to dominate the business.
This holiday season be on the lookout for the Salvation Army and their digital collection kettles. No spare change, no problem. In keeping up with the quickly advancing digital society, the donation collectors now accept credit cards and payment via text.
Three major U.S. wireless carriers -- Verizon, AT&T, and T-Mobile -- are betting you're willing to make the shift to tap-payments. They want your cell phone to become your wallet.
U.S. mobile bill payments will reach $214 billion in gross dollar volume in 2015, up from $16 billion this year -- a 68 percent compound annual growth rate.
Rivals Apple and Google are racing to introduce to iOS and Android the ability to initiate secure mobile transactions via a simple tap of your handset.
The recent Verizon, AT&T, Discover, etc., deal, along with a few others that have made waves in the second half of 2010, suggests that next year will be the year that mobile payments dominate the headlines in the United States.
Kevin Benedict, SAP Mentor, SAP Top Contributor, mobile industry analyst and experienced mobile industry executive, offers both one and two day onsite workshops designed to educate and inform executives and management teams on enterprise mobility and mobile strategies for businesses. This workshop is designed to provide a complete overview of enterprise mobility and what it means to the business. The workshop is customized based upon the needs of participants. For more details visit http://mobileenterprisestrategies.blogspot.com/p/workshops.html.
Recent Articles by Kevin Benedict
The Evolutionary Phases of Enterprise Mobility
String Theory and Enterprise Mobility
What Happens When the Novelty of Enterprise Mobility Wears Off?
Enterprise Mobility, Embedded Wireless Devices and Robotics
The True Value in Enterprise Mobility
Execution in Enterprise Mobility
When Mobility Is Not About Mobility
Mobile Applications and Location Context
List of Submitted Questions for SAP's Mobile Business Unit
You can follow me on Twitter @krbenedict and read my blog, Enterprise Mobility Strategies.
Also available are Kevin’s Mobile Retailing News Weekly and Kevin’s Mobility News Weekly.
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Kevin Benedict, SAP Mentor, SAP Top Contributor, Mobile and M2M Industry Analyst
Phone +1 208-991-4410
Follow me on Twitter @krbenedict
Join SAP Enterprise Mobility on Linkedin: http://www.linkedin.com/groups?about=&gid=2823585&trk=anet_ug_grppro
Full Disclosure: I am an independent mobility consultant, mobility analyst, writer and Web 2.0 marketing professional. I work with and have worked with many of the companies mentioned in my articles.