Tuesday, March 13, 2012

Mobile Commerce News Weekly – Week of March 12, 2012

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 Enterprise Mobility Asia News Weekly
Also read Field Mobility and M2M News Weekly
Also read M2M News Weekly
Also read Mobile Marketing News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

According to Juniper Research, the value of NFC-enabled transactions will triple by 2015 to reach $74 billion worldwide, but in a survey of mobile industry executives most did not expect these payments to be mainstream for another two to five years. Read Original Content

According to an infographic compiled by CultureLabel.com, mobile commerce is expected to experience significant growth by 2015, jumping 99-fold from $1 billion in sales in 2009 to more than $100 billion. Read Original Content

Mobile Money Network has developed an instant mobile checkout app Simply Tap, allowing customers to easily identify and purchase products on the go. As part of the new agreement, the app will feature new offers and savings available only to Visa cardholders. By 2020, Visa Europe expects more than half of all its transactions to be carried out on a mobile device. Read Original Content

Verivo is a leading provider of enterprise mobility software, Verivo helps companies accelerate their business results. Its unique technology empowers teams to build, deploy, manage and update their mobile apps -- rapidly and securely. Verivo’s mobility platform is used by hundreds of companies in numerous industries, worldwide. This newsletter is sponsored in part by Verivo.  To learn more, visit www.verivo.com

In 2012 mobile commerce sales will rise 73.1 percent for a total of $11.6 billion, according to eMarketer. The study found that 25 percent of American consumers will make mobile payments if they trust the device’s security. Building this trust will be big in 2012. Read Original Content

A new survey from Radius shows the number of smartphone users has grown to nearly 50 percent of all U.S. consumers, but despite America’s love affair with smartphones, a majority of survey respondents remain “quite skeptical” of smartphone generated payment solutions. Read Original Content

Customer solutions provider, Amdocs, has launched a new cloud-based mobile payments solution, enabling mobile operators to securely and cost-effectively scale their mobile payments business for both prepaid and postpaid customers to open new revenue streams. Read Original Content

Two dozen U.S. merchants, including retail giants Wal-Mart and Target, are working together to develop their own mobile payments service, according to the Wall Street Journal. The service would compete directly with Google Wallet and Isis. Read Original Content

Gauge Mobile has teamed up with Astral Outdoor and Newad to create Scanvee, a new technology that uses NFC to transmit everything from coupons, to maps, videos, ticket sales and other online promotions straight to a user’s smartphone. Read Original Content

Sixteen and seventeen year olds in the UK will be able to send and receive money using their mobile phone number for the first time using Barclays Pingit mobile app. The app allows people to receive and send money, for free, to anyone with a UK current account and UK mobile phone number, simply by using that mobile number, without the need to share bank details. Read Original Content

Haitian households affected by the earthquake have begun receiving cash payments transferred via mobile phones to support housing reconstruction after the disaster, said the United Nations Development Programme. Two-thirds of the population has access to mobile phones while only 10 percent have a bank account. Read Original Content

Conducted in January by Auriemma Consulting, a new survey found that while 43 percent of respondents under 45 had downloaded a mobile app from their financial institution within the previous year, only 22 percent of those over 45 had done so. Read Original Content

Visiongain believes that global NFC application revenue will reach $10.6 billion in 2012, and that NFC is poised for rapid growth in 2012. Read Original Content

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Kevin Benedict, Independent Mobile Industry Analyst, Consultant and 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.