Global Mobile Retail Payment Initiatives 2013
New research from Mercator Advisory Group reviews key developments
in mobile retail payments around the world
Boston, MA - April 30, 2013 - Mobile
retail payments based on Near Field Communication (NFC) technology are
probably this year's most talked about topic in both the payments
industry and the mobile telecommunications industry. NFC is rapidly
becoming a standard feature in more smartphones, commercial rollouts are
in the works across the globe, and breaking news about new trials and
partnerships is a daily occurrence.
so, progress in mobile payments still lags behind many expectations,
and doubts persist about NFC's future as the way to revolutionize quick
and convenient retail payments. At the same time, various alternatives
offering mobile payment at the point of sale are continuously being
tested, and some have gained traction.
Mercator Advisory Group's latest report, Global Mobile Retail Payment Initiatives 2013,
examines different mobile retail payment technologies that are being
tested and deployed in various mobile retail payment initiatives across
the globe (as of March 2013). The latest developments in select key
markets are examined, together with different approaches toward mobile
retail payments and the potential direction of those markets.
"The mobile retail payment market is moving ahead on multiple fronts in 2013," Terry Xie, director of Mercator Advisory Group's International Advisory Service and principal analyst on the report, commented.
"However, even today people are still not sure exactly what they can
expect from NFC-based services. Increasingly, people and companies are
not just waiting for NFC to happen and are evaluating their existing
Highlights of the research include:
- Global progress in mobile retail payment technologies
- A forecast of global mobile retail payment value until 2016
- Key developments in select major markets
- An overview of major card networks' positioning in mobile retail payments
Analysis of other issues associated with mobile retail payments such as
security, business models, and cross-border transactions
One of the seven exhibits included in this report:
The report is 28 pages long and contains seven exhibits.
Companies and services mentioned in this report include: AliPay,
American Express, Apple, Atos Worldline, Banco Itau, Bank Wallet, BC
Card, Bradesco, China Merchants Bank, China Mobile, China UnionPay,
CIBC, Citic Bank, DeviceFidelity, Discover, EZ-Link, Fujitsu, Gemalto,
Global Telecom, Google, Home Debot, Interac, Isis, JCB, KDDI, KT,
MasterCard, Marks & Spencer, mFino, Microsoft, MoCa Alliance, NTT
DoCoMo, Paydiant, PayPal, Proxama, Pudong Development Bank, QR Pay,
QuickPay, RBC Royal Bank, Redecard, Rogers, Samsung, Scotiabank, SK
Telecom, Sony, Starbucks, TIM, TransCard, Visa, Vivo, and WatchData.
Members of Mercator Advisory International Advisory Service have
access to this report as well as the upcoming research for the year
ahead, presentations, analyst access and other membership benefits.
Please visit us online at www.mercatoradvisorygroup.com.
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About Mercator Advisory Group
Mercator Advisory Group
is the leading, independent research and advisory services firm
exclusively focused on the payments and banking industries. We deliver
pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs. Our clients range from the world's largest payment
issuers, acquirers, processors, merchants and associations to leading
technology providers and investors. Mercator Advisory Group is also the
publisher of the online payments and banking news and information portal