Mobile App Industry Research

Tuesday, December 28, 2010

Kevin’s Mobile Money News Weekly – December 28, 2010

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.

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2010 was a turning point for mobile shopping with 44 percent of smartphone users downloading shopping apps and m-commerce sales increasing to $3.4 billion from $1.4 billion in 2009.

http://thenextweb.com/socialmedia/2010/12/23/best-of-2010-mobile-commerce/

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To thrive in today's ultracompetitive and economically uncertain market, Wall Street firms need to adapt to the desires of bankers, traders, advisers and clients to always be connected while on the go.

http://www.wallstreetandtech.com/it-infrastructure/228900082

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The Royal Bank of Canada has become that country’s first bank to launch a mobile banking application for select smartphones — namely, BlackBerry devices and iPhones, iPod Touch and iPad.

http://www.mobile-financial.com/node/13311/Apple,-BlackBerry-Smartphones-Get-Mobile-Banking-Apps

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Research published recently by Forrester shows that mobile banking provision in Europe is gathering pace. This refers to all three of the main mobile banking services – mobile web, mobile app and text-based services.

http://www.finextra.com/community/fullblog.aspx?id=4832

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In an era of busy work days and short weekends, getting all the errands done has become more and more challenging. To help keep that to do list short, banks have begun launching applications that allow customers to deposit checks from their smart phones.

http://www.nwitimes.com/business/local/article_1c864842-b945-502e-9716-57da1cf95468.html

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Ebay sees growth in mobile payments pushing its PayPal service toward the offline world, as merchants begin to allow consumers to pay for physical goods with a wave of their smartphone at the cash register.

http://www.thestreet.com/story/10941154/1/ebay-sees-mobile-payment-growth-offline.html?cm_ven=GOOGLEN

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Visa is in a position to make a large profit from the payment processing of mobile transactions as this sector continues to grow in popularity.

http://www.pivotalpayments.com/ca/industry-news/visa-set-to-benefit-from-growing-mobile-payment-processing-800311152/

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Last month, an unlikely partnership of Verizon, AT&T and T-Mobile announced a new initiative called Isis that will create an NFC contactless payment network for the three companies’ combined 230 million customers.

http://mashable.com/2010/12/15/smartphone-wallet/

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For many people, smartphones are almost as indispensable as wallets, and your smartphone could soon replace your wallet. A collection of the biggest wireless carriers, handset makers and software developers are putting their weight behind a technology called near field communication.

http://www.dallasnews.com/sharedcontent/dws/bus/stories/122310dnbusdigitalwallet.3044eaf.html

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Of the top 100 financial institutions, nearly 40 percent offer access via mobile web, while 32 percent offer SMS banking and/or alerts and 32 percent offer apps.

http://www.firstannapolis.com/2010-Mobile-Banking-and-Payments-Study

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PayPal is announcing that its payments business is flourishing throughout the holiday shopping season, with a 300 percent increase in mobile payments from November 15 through December 15 compared to the same period last year.

http://techcrunch.com/2010/12/17/paypal-holiday-mobile-payments-up-300-percent/

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Smartsoft Mobile empowers some of the world’s largest multi-national organizations to extend and improve business processes by providing mobile solutions to their employees and customers. Smartsoft has more than 700 experienced ERP/mobile consultants with over 5,000 man years of experience helping 400,000 plus mobile users achieve their business goals with powerful mobile B2B and B2C applications, designed and developed specifically for today’s popular consumer and industrial grade mobile devices. For more information please visit, http://www.smartsoftmobile.com/.  This newsletter is sponsored in part by Smartsoft Mobile Solutions.

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Google Android operating system 2.3, nicknamed Gingerbread, enables near-field communication as promised, but the final release only allows consumers to receive NFC transmissions, not send them. That makes it impossible for consumers to load payment data onto the handset and use that in lieu of credit card

http://www.creditnet.com/credit-news/latest-android-os-won-t-support-mobile-credit-card-payments-800280884.php

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Cellphones functioning as "electronic wallets," shopping carts that provide recipes and a greater ability to command electronic devices with human gestures are some of the technological trends expected to emerge in the coming year and beyond.

http://www.timescolonist.com/life/Cellphones+will+become+wallets+2011+forecast/3979201/story.html

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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

MeLLmo the Maker of the RoamBI Mobile Application Closes More Funding
Leadership Change in SAP's Mobility Business Unit - Again
Which Mobile Application Company Will SAP Acquire Next?
QR Codes and Mobile Retailing Applications
eBay Mobile Commerce - Real Time Data from Six Global Markets
Changing Attitudes of Mobile Shoppers
Tablets, Mobile Applications and the Enterprise
Wall Street Analyst and SAP Enterprise Mobility
The Global Market for M2M Devices is HUGE!


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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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I have added a feature to my blog site that supports email subscriptions. You can now receive all blog articles directly via email. If you are interested, click here.

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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.

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