Mobile payments Introduction
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Mobile payments is a growing industry projected to reach $320 billion by 2016. It consists of 3 building blocks and different collaboration models between telecom companies, banks, and app stores. While initiatives and trials are underway using NFC and proximity payments, the industry still has 2-4 years before business models mature. Mobile payments may ultimately be part of a larger digital economy equation.
Mobile payments Introduction
- 1. Introduction Mobile Payments: Overview of models Vlerick Alumni 20/11/2012 Stijn Vander Plaetse
- 2. Mobile Payments 8,1 Trillion SMS sent Operator centric
- 3. Mobile Payments App stores: 37% (Apple) to 72% (Android)free
- 4. Mobile Payments New models emerge Source : Mobile Payments Today
- 5. Mobile Payments Projections : up to 320Bio $ by 2016 Source : Mobile Payments Today
- 6. Mobile Payments Projections : up to 670Bio $ by 2015 Source : Mobile Payments Today
- 7. Mobile Payments Actuals : today 315Mio$/day Source : Mobile Payments Today
- 8. Mobile Payments Mostly digital goods Source : Mobile Payments Today
- 9. Mobile Payments Which use cases?:
- 10. Mobile Payments Mobile Payments consists of 3 building blocks : explaining need of eco-systems Pre-paid X X Post-paid
- 11. Mobile Payments Mobile Payments is part of the equation
- 12. Mobile Payments Different Collaboration Models are possible Source : SapientNitro
- 13. Different initiatives ISIS group : mid 2012 focus proximity payment: AT&T Mobility, Verizon Wireless, and T- Mobile stopped: ABN Amro, Orange and MC, O2 ING , Rabobank, and Visa : launch mid KPN, Vodafone, T- Startups and major internet players : m- 2011 from 2012 Mobile commerce and olympics with Oyster proximity in 2011- (2Mio users) Vodaphone, DT: 2012 with NFC embedded trials NFC, proximity focus Different activities Telecom Austria announced : mainly Person 2 NFC trials at GSMA. Sms person remote parking and ticketing omni- payments. Mio’s present of users Trial NFC : Turkcell-YAPI Credi- VISA : 40k merchants 1/2011 Avea-Garanti= mastercard 12/10 : 35k merchants , target 100k users Consortium Buys Atos Agreement between : Origin, Bouygues Telecom, Orange, Telefónica Orange and SFR ter :m- Movistar and Vodafone commerce focus+ NFC trial No commercial joint actions . Atos Origin, Bouygues Telecom, Orange and SFR
- 14. Mobile Payments Chances: Viable Business Model Open Federation Model 4 7 20% 26% 43% % % Mobile-financial institution partnership 3rd party intermediation model
- 15. Mobile Payments Another 2-4 years to reach maturity Source : SapientNitro
- 16. Mobile Payments Or is Mobile Payments is part of a larger equation