Tuesday, November 01, 2011

Mobile Commerce News Weekly - Week of October 31, 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

Juniper Research estimates that 2 billion mobile tickets were sold in 2010, and by 2014 over 15 billion tickets will be purchased using a mobile device.  Read Original Content

According to comScore, 32.5 million Americans used their mobile device to access banking information during the quarter ending June 2011, representing13.9 percent of all mobile users in the U.S.  Read Original Content

During the past year, the percentage of consumers who use their mobile phone to make online purchases has doubled from 9 percent in 2010 to 18 percent in 2011, according to a new survey by Oracle Communications.  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/

Financial services provider Visa Europe has invested £24.7 million in mobile payments platform Monitise, giving Monitise a greater European presence in the mobile payment market.  Read Original Content

Because the rise of mobile payments is expected to top 375 million in 2015 it is expected that this will lead to a demand for 1.2 billion NFC chips.  Read Original Content

Nokia has announced that it will work with the New York Metropolitan Transit Authority to pilot NFC-enabled mobile ticketing.  Read Original Content

Mobile payment unit manufacturer Square is on track to process $2 billion in transactions in 2011, about 10 percent of all Visa and MasterCard transactions. The mobile payment market itself is projected to reach $670 billion by 2015.  Read Original Content

The high tech city-state of Singapore is making NFC based mobile payments a reality, after the government pledged that 20,000 retailers and taxis across the island would accept mobile payments by mid 2012.  Read Original Content

Visa Europe and Samsung are teaming up to launch a phone that uses NFC which athletes and visitors will be able to use at the 2012 Olympic games in London to make mobile payments.  Read Original Content

The New Jersey Transit has made a partnership with Google to enable NFC based mobile payments for train and bus tickets.  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.