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MOBILE COMMERCE

MOBILE COMMERCE GROWING 300% FASTER THAN ECOMMERCE

As growing adoption of smart devices makes shopping for the general population easier through apps, mobile commerce is on track to grow 300% faster than entire ecommerce by 2016. Data researched suggests that between 2013 and 2016 mobile shopping will grow 42% compared to regular ecommerce’s 13%.

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MOBILE COMMERCE

MOBILE COMMERCE GROWING 300% FASTER THAN ECOMMERCE

As growing adoption of smart devices makes shopping for the general population easier through apps, mobile commerce is on track to grow 300% faster than entire ecommerce by 2016. Data researched suggests that between 2013 and 2016 mobile shopping will grow 42% compared to regular ecommerce’s 13%.

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Mobile Payments

  • UK consumers expect mobile payments April 29, 2016 Younger age groups are early adopters of mobile paymentsThe days of carrying cash are numbered according to a new study into the habits of UK consumers, with mobile payments set to be our main form of payment within the next few years. The Future of Mobile Payments report including a survey of 1,000 UK adults*, published by the Prepaid International Forum (PIF), the not-for-profit body for the prepaid sector, found that currently just under a quarter ... Read more
  • Walmart Pay launches in USA April 29, 2016 Walmart Pay launches in USAWalmart has finally enabled Walmart Pay its mobile wallet in an update to the Walmart iOS app. The company first announced the mobile wallet in December. When iOS users update the app, which is not yet available on Android, they receive an option to create or log into a Walmart.com account and connect their debit or credit card to the app. From there, users can ... Read more
  • Connected commerce and wearables for payments April 27, 2016 To what extent do you feel social commerce will impact the payments industryThe worldwide wearable device market (commonly referred to as wearables) will see continued growth as second and third generation iterations reach the market. These new devices will build upon the hardware and software of their predecessors and resolve some of the shortcomings and concerns identified by customers today. In the Digital Payments Report, survey respondents thought wearable devices would make an ... Read more
  • Alternative payments impact South Africa’s payments market April 20, 2016 Alternative paymentsAlternative payments are gaining traction in South Africa, with banks and payment companies introducing new solutions. Recent initiatives include the launch of MasterPass, Zapper, FlickPay and SnapScan. The MasterPass digital wallet was introduced in association with Standard Bank in July 2014. Users can shop online without disclosing payment and shipping information with every purchase. Zapper, FlickPay and SnapScan are mobile payment solutions ... Read more
  • Digital commerce to reach $8 trillion April 14, 2016 Digital commerce to reach $8 trillionNew data has found that the digital commerce market is set to increase from $4.9 Trillion in 2015, to just over $8 trillion by 2020. In perspective, the GDP of Japan (the world’s 3rd largest economy in terms of nominal GDP) was estimated to be $4.6 trillion in 2014. The research, Digital Commerce: Key Trends, Sectors & Forecasts 2016-2020, found that the digital commerce ... Read more
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Contactless NFC

  • 2015 Smart Payment Card shipment figures April 27, 2016 Smart payment card shipmentsThe Smart Payment Association (SPA), the trade body of the smart payments industry, has released the findings from its annual review of the smart payment card market. Data collated by the SPA from its members reveal 2060 million payment chip cards were shipped globally in 2015. This represents an increase of 34% on last year’s figures. The gathering pace of EMV migration ... Read more
  • Critical mass for contactless cards in 2016-18 April 20, 2016 Contactless-NFC is the de facto standard - when do you see critical mass in acceptanceContactless cards continue to grow with increasing appetite from all stakeholders including consumers, who find it convenient, and merchants who like its speed – particularly where there is a requirement to move people very quickly through the payment experience, such as mass transit and fast food. This, coupled with the merchant acquirers offering lower merchants costs, compared to debit and credit ... Read more
  • First mobile HCE payment solution deployed in Bulgaria. April 20, 2016 Host Card EmulationFirst Investment Bank AD (Fibank) of Bulgaria is the first bank in the region launch a mobile HCE payment card product, the mobile payment service is based on Host Card Emulation (HCE) technology certified by MasterCard. “Fibank is glad to offer a new product to its customers. Fibank’s mobile app customers using an NFC enabled Android handset can choose to add the digital card ... Read more
  • Verifone and Samsung partner on Samsung Pay acceptance April 20, 2016 Verifone and Samsung partner on Samsung Pay acceptanceVerifone and Samsung have teamed up to accelerate merchant adoption of Samsung Pay. As the most widely accepted mobile payment system in the US, Samsung Pay works almost anywhere users can swipe or tap a card. “As we enable innovators like Samsung to create amazing experiences leveraging our products, we want to make sure that any form of payment consumers want to ... Read more
  • Nets and JCB to drive J/Speedy mobile payments in Denmark April 19, 2016 Dankort mobileNets and JCB International (JCB), have entered into a partnership agreement which allows Nets to use J/Speedy, JCB’s contactless technology, for Dankort payments with smart phones. Nets believes that in 2020 up to half of all payments at POS in Denmark may be initialized from a smartphone and that there will be more than 3 million Dankort on mobile phones. This also marks ... Read more
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Mobile Banking

  • DBS launches mobile-only bank April 26, 2016 DBS launches mobile-only bankSingapore’s DBS bank has decided to go for the mass-market retail customers and has launched a mobile-only bank. The bank say the product will be completely paperless and branchless and will allow customers to open accounts by using Aadhaar card, the biometric authentication, at various companies it has tied up with. At present, the lender has tied up with 500 Cafe Coffee Day outlets. In order to ... Read more
  • Atom Bank app goes live April 6, 2016 Atom Bank app goes liveAtom Bank, the UK’s first bank designed for digital and optimised for mobile, announces that the restriction on its regulatory authorisation has been lifted, and as of today opens its virtual doors. Atom is the first of the new breed of challenger banks to launch, and all retail banking services are delivered via the App. Built by Atom’s in-house design and ... Read more
  • The state of mobile banking 2015 April 5, 2016 European consumers use a broad range of mobile banking functionalityMobile banking continues to gather momentum, fuelled by rising smartphone use and the steadily improving supply of mobile-optimized banking worldwide. In a new piece of research by Forrester, they surveyed US and Western European online adults in Q1 and Q2 2015 about their interest in and use of mobile phones for a range of banking tasks like checking a balance, transferring ... Read more
  • ING activates contactless mobile payments December 7, 2015 ING activates contactless mobile paymentsING has added contactless mobile payments to its mobile banking app for Android smartphones, rolling out the service to all Dutch customers nationwide following a three-month trial run. The HCE-based mobile payments application can be used to tap-and-pay at more than 100,000 stores throughout the country. Feedback from several thousand customers participating in a pilot programme in September was used to enhance the ... Read more
  • UK m-payments report released October 19, 2015 Have you made mobile payments using your smartphone in the last six monthsTSYS has published its inaugural U.K. M-Payments Consumer research report. The report includes information on key consumer m-payment preferences and provides new insights on a range of related digital engagement topics. TSYS conducted quantitative research of more than 500 UK consumers, covering diverse demographics, including gender, age and income. The respondents were over the age of 18, had at least one ... Read more
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Mobile Remittance

  • Vodafone M-Pesa reaches 25 million customers milestone April 26, 2016 M-PesaVodafone M-Pesa has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service. Across markets in Africa, Asia and Europe, active customers of M-Pesa increased by 27.1% to 25.3 million in the year ended 31 March 2016, boosted by market launches in Albania and Ghana and supported by a network of more than ... Read more
  • Airtel gets bank Payments Bank licence in India April 18, 2016 Airtel money logoBharti Airtel on Monday received the Payments Bank licence from the Reserve Bank and gets Kotak Mahindra Bank (Kotak) as an investor. Airtel M Commerce Services Limited (AMSL) – a wholly owned subsidiary of Airtel which offers mobile money services under the brand name “Airtel Money” will now convert the existing pre-paid payment instrument licence into a Payments Bank license as per ... Read more
  • Orange and Ecobank launch Orange Money bank-to-wallet money transfer service March 24, 2016 A mobile phone with Orange MoneyThis partnership, which is already operational in Mali since January 2015 and in Cameroun since August 2015, facilitates money transfers for both Ecobank and Orange customers by allowing them to top-up their Orange Money e-wallet from their bank account, and vice versa. Customers can use their mobile phones to securely transfer money between accounts at any time, without the need to go to ... Read more
  • Vodacom reviewing poor M-Pesa business March 17, 2016 M-PesaMobile network Vodacom South Africa is considering various options for its sluggish mobile money transfer service M-Pesa. M-Pesa enables customers – particularly unbanked users – to transfer money from person-to-person using mobile phone and text-messaging technology. In 2010, Vodacom launched M-Pesa in South Africa and the company set a target of reaching 10 million local users. Vodacom then relaunched the service in August ... Read more
  • Homesend platform extends remittance reach March 4, 2016 The HomeSend LogoMobile Payments World interviews Stephen Doyle, CEO of Homesend to discuss what going on in the remittance market. Read more
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M POS

  • SumUP and payleven agree merger as mPOS market consolidates April 27, 2016 An image of SumUp mPOS device PIN +As the inevitable consolidation of the European mPOS market begins, SumUp and payleven  announced a merger which will see the combined company operate under the name SumUp. The companies, currently processing more than €1bn annually in a total of 15 countries, say the merger agreement will provide scale opportunities to capitalise on growth as more small businesses move to mPOS and larger enterprises ... Read more
  • The mPOS opportunity April 26, 2016 The mPOS opportunityMobile point-of-sale (mPOS) is revolutionising the POS terminal industry. Because of this, the market is poised to grow by 400% over the next four years, 46% of all POS terminals in 2019 are expected to be mPOS and the market will be worth an estimated $43 billion by 2018. Taxi drivers, plumbers and hairdressers can now accept payments on the move, ... Read more
  • Verifone Carbon – connected commerce April 4, 2016 Verifone CarbonVerifone has unveiled Verifone Carbon– a flexible and integrated POS that leverages powerful capabilities and applications to transform the checkout process into an experience merchants and consumers will love. New Commerce Experiences for a Connected World Verifone Carbon embodies the company’s vision for how commerce operates in a connected world. It is the result of Verifone’s commitment to transforming the POS, where we are connecting ... Read more
  • Miura Systems Launches POSzle March 11, 2016 Miura MPOSMiura Systems launched POSzle – a modular tablet Point of Sale (POS) bundle that also supports integrated payments. “Point of Sale desperately needs a reboot, according to our recent research report which surveyed shoppers and retailers,” said Peter De Souza, SVP Revenue & Proposition Development at Miura Systems. “Over 40% of store staff interviewed said that if there was one technology improvement they ... Read more
  • Amazon closes mPOS business November 2, 2015 The Amazon app (Amazon Local Register) in actionAmazon is to close its mPOS business, Local Register, which failed to catch on among the small businesses who were its supposed customers. Amazon Local Register did not gain much traction against more successful rivals, such as Square’s Register and PayPal’s Here services. The service enabled retailers to accept credit or debit card payments on smartphones and tablets with the addition of a dongle. The internet ... Read more
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Analysis

  • 4.7 billion global SIM shipments in 2015 – contactless SIM continue to thrive April 21, 2016 NFC SIM growth in select marketsThe SIMalliance, which represents approximately 88% of the global SIM market, has reported  SIM shipments volume equalling 4.7 billion in 2015, reflecting a 0.3% increase on 2014 shipments. The estimated total available market in 2015 was 5.3 billion, compared to 5.2 billion in 2014, marking a 2% increase in total SIM shipments worldwide. Significant advances were reported by SIMalliance members in ... Read more
  • Digital Payments Report 2016 April 18, 2016 Digital commerce to reach $8 trillionAmerican Express, a leading global payments brand, have partnered with payments consulting firm Accourt to conduct a survey on the state of Digital Payments. Advancements in digital technology continued to shape the payments industry in 2015 as mobile, online and other digital forms of payments moved into the mainstream. From mass transit to gas stations and supermarkets, businesses of all sizes, across all ... Read more
  • Consumer appetite for digital wallets growing in Europe April 6, 2016 An image of a phone as a mobile wallet with cards and coinsNew research from Aimia reveals that consumer appetite for digital wallets in Europe is growing. The findings show almost a third (31%) of Europeans say they are likely to use a digital wallet on their mobile device, which is a 5% increase on the previous year. Italy is leading the way, with nearly half (47%) of consumers likely to use digital wallets, ... Read more
  • Mobile wallets in Europe will generate €1 billion revenue April 6, 2016 A smartphone walletA new report  investigating how mobile wallets like Apple Pay, Android Pay, Samsung Pay and others which were developed in other world regions can be adapted to fit the European payment market specificities. This newly published research analyzes in detail the evolution of mobile payments market in Europe as well as the hurdles of mobile wallets rollouts in other markets. Mobile Wallet providers have ... Read more
  • Worldwide shipments of wearables to surpass 200 million March 22, 2016 Bulgari MasterCard WISeKeyWorldwide shipments of wearable devices are expected to reach 110 million by the end of 2016 with 38.2% growth over the previous year. According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, an expanding lineup of vendors combined with fast-growing consumer awareness and demand will generate double-digit growth throughout the 2015-2020 forecast period, culminating in shipments of 237.1 million ... Read more
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Opinions

  • The worrying high velocity of mobile wallets April 15, 2016 The worrying high velocity of mobile walletsI have come across a number of articles that describe a nagging problem with mobile wallets – that cash is still King and so wallets just seem to be conduit pipes, not really holders of digital stored value. Two questions from 1st principles help our approach to this seeming problem- writes Simon Aderinlola, Head of Service Delivery – Interswitch Financial Inclusion Services Ltd. – What ... Read more
  • FinTech booming – payments infrastructure compliance remains in the dark ages March 16, 2016 FintechThe UK FinTech report, commissioned by HM Treasury and published last month, confirmed something we’re pretty much all agreed upon: “The UK is a global capital for FinTech”. Within FinTech, the payments space in particular has been boosted by new entrants, with an average of £20 billion in annual revenue now generated across payments software, data and analytics platforms. The report ... Read more
  • MasterCard on biometric payments and security March 4, 2016 mastercard iconMobile Payments World interviewed Ajay Bhalla of MasterCard to understand what is hot in the world of biometric payments including selfie pay and securing the further digitisation of payments. Read more
  • Mobile Wallets: The New Fraud Frontier November 12, 2015 A smartphone walletMobile wallets are enjoying increasing adoption. Payments made via mobile devices in the United States are expected to total $90 billion by 2017, a big jump from the $12.8 billion spent in 2012, according to Forrester Research. There are two different types of mobile payments. The first type works through contactless technologies such as Near Field Communication (NFC) built into mobile phones. ... Read more
  • A world without banks as we know them? October 19, 2015 Saxo PaymentsHistorically, banks have dominated the entire market, but times are changing and the FinTech invaders are beginning to disrupt the space. Banks certainly have their place, but their share is undoubtedly being challenged. It may seem odd for the man who has pioneered a non-bank community-based payment model to admit, but I strongly believe that banks will be an important part of ... Read more
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Vendor Zone

  • Bell ID certified for HCE by payment schemes September 30, 2015 A mobile phone with HCE applications coming out of itMobile payments specialist, Bell ID, says that its host card emulation (HCE) mobile solution has been certified by three of the largest global payments schemes. Bell ID is the first vendor to receive approval from three schemes for its HCE platform, offering its customers the broadest range of options available on the market today. The HCE specialist’s software manages the lifecycle of virtual cards, ... Read more
  • Global smartphone shipments increase 11.6% July 24, 2015 Global smartphone shipments increase 11.6%Global smartphone shipments rose 11.6% year-on-year in the second quarter to 337.2 million, according to market researcher IDC. This is the second highest quarterly total on record, with growth sustained after a strong Q1 by robust demand in many emerging markets. IDC said more affordable smartphones, often from local vendors, were driving the growth in the market, rather than the premium ... Read more
  • MyCheck partners with Apple Pay July 14, 2015 Apple Pay Logo against a contactless acceptance markMyCheck is to support Apple Pay in the UK. MyCheck’s restaurant clients can now take advantage of this breakthrough technology and allow their customers to settle the bill using Apple Pay, the easy, secure and private way to pay. When using Apple Pay with MyCheck, a customer can authorise a transaction through a restaurant’s native iOS app or via one of MyCheck’s partner apps ... Read more
  • Microsoft forced into uncomfortable u-turn on Nokia July 9, 2015 Nokia GunThe acquisition of Nokia by Microsoft was supposed to unleash a new powerhouse in mobile handsets. Unfortunately, as Tom O’Meara writes, The longer time goes on the more ludicrous Microsoft’s decision to buy Nokia looks. Far from creating the mobile phone powerhouse the two envisaged, the mobile unit is simply a mess. Microsoft is now writing down about $7.6bn on the Nokia division and ... Read more
  • G&D receives Visa certification for HCE July 9, 2015 A mobile phone with HCE applications coming out of itGiesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for HCE (Host Card Emulation) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.   “Meeting ... Read more
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