Industry Views: the NFC payments opportunity

Last week MEF launched its annual Global Mobile Money report, which studied 15,000 mobile users across 15 countries.  The headline statistic is that mobile banking and mobile commerce continues to engage consumers - especially in mobile first markets. 69% of mobile media users globally carried out a banking activity via mobile whilst 66% have carried out a transaction. In tandem this year has seen the launch of Samsung Pay and more recently Android Pay, with Apple announcing its expansion plans for Apple Pay earlier this month.  Yet MEF's own report shows that in-store (where NFC payments …

The Global Mobile Money Landscape – Updated

The mobile money sector is one of the most fluid in the whole of the mobile ecosystem, with more players entering and exiting, new tech and services being launched or trialed.  Here’s MEF’s quarterly update on the key players in the landscape. Defined by our Global Working Group it categories the ecosystem into in-store payments, online payments, P2P payments, direct operator billing, mobile wallets and mPos. MEF’s Global Mobile Money Landscape, is part of our regular Mobile Money eBulletin series, which you can download for free right now. Thanks to everyone who got in touch to share their …

The Global Mobile Money Landscape

The world of mobile money is an exciting but complex one. The sector has moved firmly into the mainstream with an ecosystem that captures stakeholders from innovative startups to established mobile payment companies as well as MNOs card companies, banks and device manufacturers.  New services are continually being launched and trialed making this one of the most fluid and dynamic areas in mobile. We’ve created a handy infographic to help define the key areas and players in the space. MEF’s member working group defines Mobile Money into six categories: in-store payments, online payments, P2P …