Wednesday, March 02, 2011

Mobile Money News Weekly - Week of February 28, 2011


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.

Also read Field Mobility News Weekly
Also read Mobile Retailing News Weekly
Also read Mobility News Weekly
Also read M2M News Monthly

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The Girl Scouts of Northeast Ohio are using GoPayment, a mobile payment app, to process credit card transactions for this year's cookie season.

http://www.marketingvox.com/girl-scouts-turn-to-mobile-payments-for-cookie-season-apple-wins-patent-for-e-wallet-048781/

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Mobile banking growth in the United States continues to be fueled by aggressive adoption of smartphones and regular mobile Web use, according to Forrester Research.

http://www.mobile-financial.com/node/13674/Steady-mobile-banking-growth-to-drive-demand-for-better-functionality:-Forrester

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Bank of America, the leading U.S. retail bank, has reportedly started inviting select customers to trial its new NFC-based Mobile Wallet using BlackBerry smartphones.

http://www.mobilebusinessbriefing.com/article/rim-teams-with-us-bank-on-nfc-payments

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An app surge and smartphone growth has set the stage for a mobile banking uptick. Mobile banking today is where online banking was 10 years ago.

http://www.cutimes.com/2010/08/11/app-surge-and-smartphone-growth-set-stage-for-mobile-banking-uptick

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2011 looks set to be the year NFC technology hits the high street, but many brands are yet to catch on to the contactless payment system.

http://www.nma.co.uk/features/near-field-communications/3023264.article

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As we enter 2011, one of the hottest mobile topics is shaping up to be mobile payments.  Not only does it have the potential to stimulate growth in mobile shopping, but also parallel areas of mobile development like gaming, social media, LBS, and even search.

http://searchenginewatch.com/3641871

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Sixty-two percent of consumers with web-connected mobile devices are buying goods via a mobile device.

http://www.internetretailer.com/2011/02/10/62-consumers-have-purchased-goods-mobile-device

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Afghanistan has mobile money services that point to future widespread adoption of mobile banking.

http://janchipchase.com/2011/02/mobile-money-afghanistan-2/

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Mobile banking growth in the United States continues to be fueled by aggressive adoption of smartphones and regular mobile Web use, according to Forrester Research.

http://www.mobile-financial.com/node/13674/Steady-mobile-banking-growth-to-drive-demand-for-better-functionality:-Forrester

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Mobile payments are clearly changing many aspects of business and are likely to become a normal part of our financial lives.  Analysts estimate that by 2014 the mobile payment market will be worth more than half a trillion U.S. dollars.

http://www.dynamicbusiness.com.au/news/coming-age-mobile-payments-232011.html

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Mobile is clearly the wave of the future for both brand marketers and retailers. Mobile apps, coupons and text messages all drive spending to the greatest degree. Brand websites, which help to make the shopping experience easier, show a significant impact on spending.

http://www.hubmagazine.com/html/2011/hub_41/mar_apr/2372303741/ryan-retail/

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Lockerz, a social shopping site aimed at users ages 13 to 30, announced that it is making its first move into the mobile world with the launch of a new smartphone website.

http://venturebeat.com/2011/02/11/lockerz-mobil/

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Over the next four years, with mobile commerce growing and people spending more time online, e-commerce spending will take off, increasing by some $100 billion at an annual rate of 10 percent.

http://www.medialifemagazine.com/artman2/publish/New_media_23/Ecommerce-is-poised-for-a-growth-spurt.asp

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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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In a bid to make shopping a pleasant and convenient experience for consumers, online shopping portal eBay has introduced m-commerce in India.  The service will allow online shoppers  in India an opportunity to access eBay anytime.

http://www.retail-digital.com/industry-focus/retail-technology/e-bay-launches-e-commerce

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Every part of the mobile supply chain is getting in on the mobile payments act. This is being driven not by technology, but by a shift in consumer behavior.

http://econsultancy.com/us/blog/7205-the-scramble-for-mobile-payments

Recent Articles by Kevin Benedict

Mobile Expert Interview Series: IDC's Nick McQuire, Part 1
Mobile Expert Interview Series: IDC's Nick McQuire, Part 2
Mobile Expert Interview Series: Sybase's Mike Oliver, Part 1
Mobile Expert Interview Series: Sybase's Mike Oliver, Part 2
The Enterprise Mobility Trends of 2011 - Webinar
Building Compliance Features into Your Enterprise Mobility Solution, Part 1
Building Compliance Features into Your Enterprise Mobility Solution, Part 2
Rapid SAP Mobilization for the Enterprise Webinar
M2M and SAP Enterprise Mobility
Former SAP EVP is Solving Headaches with Mobile and M2M Technologies

Whitepapers of Note

The Business Benefits of Mobile Adoption with SAP Systems
ClickSoftware Mobility Suite and Sybase Mobility Solution
Networked Field Services
Mobile, The Next Big Thing for Business

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You can follow me on Twitter @krbenedict and read my blog, Enterprise Mobility Strategies.

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Kevin Benedict, Independent Mobile and M2M Industry Analyst, SAP Mentor Volunteer
Follow me on Twitter @krbenedict
Join the SAP Enterprise Mobility Group on Linkedin


Full Disclosure: I am an independent mobility analyst, consultant and blogger. I work with and have worked with many of the companies mentioned in my articles.