Tuesday, October 25, 2011

Mobile Commerce News Weekly - Week of October 24, 2011

The Mobile Commerce 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 Marketing News Weekly
Also read Mobility News Weekly
Also read M2M News Weekly
Also read Mobility Charts Weekly

British consumers are likely to spend as much as $30.5 billion by 2021 on purchases through their mobile handsets. Currently UK mobile payments are valued at $1.8 billion, with almost $417 million comprising of mobile sales from the food and groceries category.  Read Original Content

ABI Research shows that the NFC market will reach $1 billion by the end of 2016, and there will be a projected 552 million handsets shipped that will be equipped with NFC capabilities in 2016.  Read Original Content

Business Insights anticipates that the alternate payments industry comprising of online, mobile and contactless segments will grow at an annual rate of 17.6 percent over the period 2010 to 2015, with revenues increasing from $740 billion in 2010 to $2,700 billion in 2015.  Read Original Content

Pyxis Mobile provides an agile, powerful, and secure mobile enterprise application platform.  It enables rapid cross-platform application development, unlimited data integration, enterprise-grade security, and the unique ability to change and update applications in real time.  This newsletter is sponsored in part by Pyxis Mobile, http://pyxismobile.com/

eBay CEO John Donahoe has increased the company’s 2011 expectations for mobile payments through PayPal from $3 billion to $3.5 billion in revenue.  Read Original Content

A research report by PayPal shows that mobile commerce is currently growing at a yearly rate of 430 percent.  Read Original Content

Market research firm In-Stat reports that NFC chip shipments will reach 1.2 billion by 2015, with the potential to be available around nearly a third of the globe in the same time frame.  Read Original Content

TicketLeap has created a free iPhone app that allows event organizers to use smartphones to scan and check-in customers.  Read Original Content

Mobile payment device maker Square, has established an agreement with Wal-Mart to sell the payment unit at 9,000 Wal-Mart locations.  Read Original Content

A new UK study conducted by research firm Intersperience shows that only 17 percent of respondents would be willing to use their mobile devices to pay for goods.  Forty-four percent of participants recorded having privacy concerns.  Read Original Content

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Kevin Benedict, Independent Mobile and M2M Industry Analyst, SAP Mentor Volunteer
Follow me on Twitter @krbenedict

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.