It’s coming up to that time of year again readers, if it wasn’t for the News of the World scandal keeping the papers busy we’d all have to survive on a diet of the Beckhams’ latest offspring and volatile potato vodka. But it’s money that keeps the world going round and the subject of filthy lucre is still hot property in the mobile market.
Google’s entry in the mobile phone hardware market with the acquisition of Motorola Mobility seems to be the outcome of the company’s desire to acquire the 17,000+ patents that Motorola holds and compete more effectively with Apple and other smartphone/OS vendors. The acquisition will however, not only have an impact on the handset market but possibly will also have a big impact on the mobile services market. In particular, this may help Google to accelerate the growth of the m-commerce market.
While mCommerce implementations are relatively new, successes such as Safaricom in Kenya, paybox in Austria, Compass Bank in the United States, mpass in Germany and others provide a solid set of lessons learned for mobile operators, enterprises and financial institutions.
Nick Ogden, CEO of Voice Commerce and Entrepreneur of the year 2010, talks about customer ownership, and the misconception by both carriers and banks that they both own the consumer.
US carrier Verizon is the latest to jump on the mobile payments bandwagon, announcing on Tuesday a partnership with mobile transaction firm Payfone to bring carrier billing to Verizon Wireless users.
It’s hard to escape the mobile money land grab at the moment. In the last few weeks I’ve written the word ‘m-wallet’ more than ever before in such a short time. But while the players involved say there’s enough pie to go around, it might not be to everyone’s taste.
The European Payments Council (EPC) has released draft guidelines governing the use of Near Field Communications (NFC) technology for mobile payments. The Council, which represents the European banking industry, has also called for stakeholder submissions on the subject, with the deadline for feedback on June 17th this year.
Big hitters like Apple, Google, Visa, the major carriers and vendors, financial institutions and the device manufacturers are making no bones about the fact that they see pay dirt in m-payments, m-commerce and mobile financial services in general.
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Executive interview: Blyk and Aircel
France Telecom’s mobile unit, Orange, has integrated Microsoft’s flagship mobile OS with its own billing platform, allowing users of Windows Phone 7 devices to add the cost of content purchased to their mobile phone bill.
French carriers Orange, SFR and Bouygues have joined forces with IT services firm Atos Origin to form a new joint venture dedicated to exploring a mobile payments initiative.
Everything Everywhere, the parent company of T-Mobile UK and Orange UK, said Thursday it would roll out a commercial contactless mobile payment service by early summer.
The humble SMS will remain a significant source of revenues and traffic for mobile operators on a global basis until at least 2015, according to the latest forecasts from Informa Telecoms & Media. Global SMS revenues are forecast to rise to $136.9bn by 2015 from $105.5bn in 2010, as global SMS traffic increases from five trillion messages in 2010 to 8.7 trillion messages in 2015.
The chief of electronic payments and transactions at France Telecom’s Orange group has jumped ship, to head up the mobile unit at MasterCard Worldwide.
Japanese operator Softbank Mobile is set to trial contactless payment technology, having tapped up security firm Gemalto for the project.
Serbian mobile operator, Telenor, has become the first carrier in the country to enable its subscribers to use mobile phones to access their bank accounts and pay for goods and services. The operator is working with corporate and financial group, Erste Bank, and France’s largest retail banking group, Agricole to offer the services.
Informa Telecoms & Media held its annual Mobile Financial Services conference on March 9-10 in London. The conference presented a good opportunity to hear views from leading industry experts on the status of the mobile banking and payments industry.
The earthquake that hit Haiti on Jan. 12 is a tragedy of devastating proportions. The official death toll stood at 111,500 as of January 24, according to the Haitian government officials, with another 200,000 people reported injured. Just 132 people were pulled alive from collapsed buildings in the past two weeks. In addition to losing their loved ones and their homes, millions of Haitians also lack the basic necessities of life: food, water and clothing among them. It is a desperate situation.
There are several fundamental financial transaction issues faced by 100′s of millions of adults in Africa on a daily basis, ranging from the ordering and payment of goods and services, to the challenges of traditional banking, bill/tax payments, salary withdrawals and international remittances.
UK cellco O2 recently announced that it is entering the personal-finance sector with the launch in August of two prepaid Visa cards in conjunction with NatWest bank. In a press release issued by O2, a NatWest executive is quoted as saying that these “groundbreaking” cards will “really raise the bar in terms of the added value customers will get from the interaction with their mobile phone.”