Mobile payments: A wealth of wallets. The Future of Mobile Payments [INFOGRAPHIC] We know that mobile payments are redefining commerce, but will our phones soon replace our wallets? PayPal seems to think so. The payments giant boldly predicts that the wallet will be dead by 2015. It's putting its money where its mouth is: It recently acquired mobile payments provider Zong for $240 million. PayPal isn't the only one getting into the game though. Google recently launched Google Wallet, the search giant's mobile payment system, and Visa recently made a strategic investment in Square, the mobile payments platform now worth more than $1.4 billion. Professional community service G+ decided to look deeper into mobile payment trends and created an infographic that tracks what experts and analysts believe will happen to mobile commerce in the next four years, including what will happen with near field communication (NFC).
G+ also compared some of the current players in the mobile payment space. eBay Acquires Mobile Payments Provider Zong for $240M. Eyeing a shift in consumer habits, eBay has announced it is buying Zong, a provider of payments through mobile carriers, for $240 milllion. The cash acquisition will let consumers pay for purchases from their phones or computer by using their mobile phone numbers for verification. (The payment shows up on their phone bill.) The idea, according to a statement from eBay, is to provide consumers with another payment option in addition to PayPal.
Such options are thought to increase sales conversions since consumers won’t have to leave the site to pay for their goods. (In a video, the use is demonstrated by a cartoon figure using his phone to buy credits on a Zynga-like game.) “Commerce is changing. Founded in 2008 by David Marcus, Zong reaches 3.2 billion users through more than 250 carrier connections. For a look at the Zong story, see the video below: How An E-Invoicing Company Could Disrupt The Banking Industry.
A Danish startup has created a fairly straightforward web-based application that lets organizations invoice each other online. But humble though it may sound, in the long run, this Nordic venture could well end up disrupting not just the business software industry but the banking industry as well. That's because the invoicing application is just the tip of a much larger iceberg that the company, Tradeshift, is envisioning--one that leverages big data to reinvent how credit ratings are set for small- and medium-sized businesses.
Its most potentially disruptive idea is Instant Payments, a service which allows suppliers to get paid immediately once a customer accepts an invoice on the Tradeshift system, instead of having to wait the usual 30, 60, or 90 days. The money still comes with an interest rate, but the size of that rate gets determined based on the buyer's credit rating, not the supplier's. Large companies, however, often have better credit ratings. The service is free to use. Dropis. Nouveaux services de paiement : un paysage concurrentiel en construction. Cet article a été rédigé en collaboration avec SIA Conseil et est publié conjointement sur leur (excellent) blog Finance & Stratégies (le lien est ici).
Les annonces de lancement de moyens de paiement innovants foisonnent dans les medias. Kwixo, Buyster, Pay2you sont autant de nouveaux services venant alimenter un marché en plein développement, dont la motivation est de proposer des solutions de paiement à valeur ajoutée, alternatives aux services traditionnels offerts par les banques. Pour décrypter le développement de ce nouveau marché, nous nous sommes appuyés sur l’étude d’un panel de services innovants proposés par différents acteurs, qui nous permet de dresser un premier état des lieux. Retour sur la règlementation Diversité des offres proposées On note que les demandes d’agrément viennent majoritairement d’entreprises innovantes dans le domaine de la monétique ou d’Internet. Une stratégie de développement de plus en plus basée sur des partenariats Evolution à venir.
How does Apple do payments so well. Free-to-play gaming: Finding the right payment methods worldwide. A new report by DigitalRiver shows that companies need to be cognizant of new business models and payment methods worldwide as the market shifts towards free-to-play gaming. According to estimates by SuperData Research, $15.9 billion in revenue will come from boxed game product, while $7.1 billion will come from online and mobile.
Within that space, SuperData expects free-to-play games and virtual goods sales to make up over 50 percent of online gaming revenues by 2017. There's been a recent trend of underperforming MMORPGs switching to the free-to-play model successfully. SuperData estimates that the free-to-play business model is expected to account for nearly 60 percent of all revenue generated by 2015, after reaching parity with subscription business this year. Virtual goods revenue forecast in key markets Worldwide, free-to-play will continue to show amazing growth, especially in leading markets like China, the United States, Europe, and Japan. Criticism of payment options. Will outsourcing bank lending harm SMEs? Many large European banks are considering the possibility of outsourcing their core small business lending to a new group of loan funds.
This is a further sign of the growth of the ‘shadow banking’ industry in Europe, a market that has already gained in importance in the US. (See graph attached.) ‘Shadow banking’ (good title for a film thriller) is nothing shady, it’s a phrase used to encompass a broad range of institutions and mechanisms, from wholesale finance to peer-to-peer lending and even pay day loans. UBS and RBS are two of a number of banks that have discussed with specialised loan funds how they might give these funds access to their corporate client bases.
The initiative comes as concern grows over the likelihood of sharp ‘deleveraging’ across the European banking sector. The assessment by the IMF highlights that SMEs who rely too much on bank lending may be badly affected by bank deleveraging. Further Reading: BPCE : le paiement sans contact tourne à l'acharnement thérapeutique. Google-Backed Corduro Promises Even Lower Mobile Payment Fees Than Square. Mobile payments are coming, and there are many paths being beaten to get them to our phones. Google-backed mobile payments startup Corduro launches this week with a combined mobile wallet/payments processor for Android and the iPhone (which will be available in the respective app stores later this week).
Like Square, Corduro is primarily a way for merchants to take payments on mobile devices. But it has a few twists. One is pricing. In some cases, it can be up to 30 percent cheaper for merchants in processing fees than regular credit card transactions (and even beats Square slightly). If someone is paying with debit bank card with a Visa or Mastercard logo on it—these already make up more than half of all credit card transactions in the U.S. —Corduro then reroutes those payments over the cheaper debit network similar to the ones that ATMs use. Corduro is not a simple as Square, but it is more flexible. Les nouveaux enjeux stratégiques de Paypal. Fin avril, eBay, le propriétaire du système de paiement Paypal annonçait pour le premier trimestre 2011 une hausse de 15.9% de son CA sur la période grâce notamment aux très bons résultats de Paypal (+ 23%). Créé en 2000 puis racheté en 2002 par eBay pour 1.5 milliard $, Paypal permet de payer des achats en ligne, de percevoir des paiements mais également d’envoyer et de recevoir de l’argent.
Le mode de paiement présent sur une grande majorité des sites de e-commerce développe une politique d’intégration sur les chaînes du f-commerce et et du m-commerce avec l’ambition d’être à moyen terme d’être au coeur de la transformation des mobiles en terminaux de paiements dominants dans la vie réelle. Les utilisateurs de Paypal font très régulièrement l’objet de tentatives de phishing et la société a mis en place une stratégie de protection à la source même des services e-mails en collaboration avec Google et Yahoo! Entretien avec Alexandre Hoffmann, Directeur Général de Paypal France.
Rentabiliweb se lancera prochainement dans l’activité bancaire. Rentabiliweb , créé en 2002 et spécialiste de la monétisation d’audience, devrait lancer son activité bancaire en janvier 2012. Cette nouvelle offre s’inscrit comme la suite logique de la démarche stratégique largement amorcée par le groupe de Jean-Baptiste Descroix-Vernier. Rentabiliweb a en effet massivement investi sur la monétique au premier semestre 2011. Ces investissements, qui s’élèveraient à plusieurs millions d’euros selon Les Echos , devraient permettre à Rentabiliweb d’offrir des services bancaires aux professionnels et d’opérer des transactions en ligne.
Le groupe est effectivement l’un des rares établissements de paiement agréé en France et, de surcroît, le premier à rejoindre le Groupement Carte Bancaire. La nouvelle activité, testée dès septembre, devrait donc être opérationnelle en janvier 2012. La société affiche par ailleurs des résultats semestriels en large hausse, avec notamment une augmentation de plus de 55% de son résultat net à 6,36M €. Bienvenue! The most important mobile payment infographic. Ever. What is a mobile payment? I get that question a lot. There's a surprising amount of misinformation and confusion being sown about mobile payments. (Even by well-meaning news organizations and reputable tech sites.) And then there's the hype. Whether it's a payment company executive promising the "end of the physical wallet," or investors claiming there's a "gold rush" going on, the mobile payment space is plenty hyped. We at Mobile Payments Today felt it was up to us to cut through the hype and clear things up.
Grab the code at the bottom of the page if you want to post it on your site. Download the infographic as a PDF.Comment on the infographic. Paypal investit sur le paiement mobile sur point de vente. Square’s Disruptive Payment Service About To Get A Huge Retail Boost From Apple. Mobile payments company Square has landed a big coup—sales placement on Apple’s online store. And we’ve just confirmed with Square that the startup has a deal for in-store sales as well.
Apple will start selling Square devices in all of its U.S. retail stores starting this week. Square offers both an iPhone/iPod Touch and an iPad app which allows merchants to process and manage credit card transactions with a handy little credit card swiping device that plugs into the headset/microphone jack. Apple has shown some love for Square lately, so it’s not entirely surprising that the payments startup has forged a deeper relationship with the Cupertino-based company. This is Square’s first large-scale in-store retail promotion and it landed a huge fish. Square’s device is selling at the store for $9.95 but users get a $10 square credit when they sign up for an account and the apps are free. Clearly Square is taking a bit of a bath on the device sales here. Twitter. Starbucks Just Invested $25 Million In Square, With Howard Schultz Joining The Board. Frederic CAVAZZA: Raz-le-bol de ces articles... Gemalto bringing NFC payments to phones of any intelligence with MasterCard PayPass SIM.
Gemalto Mobile NFC Payment Application First in the World Certified by MasterCard Newly certified payment application set to trigger commercial rollouts of mobile contactless ecosystem CARTES in Asia, Hong Kong , Mar 29, 2011 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces the world's first UICC-embedded software application compliant with Mobile MasterCard® PayPass™ M/Chip 4, the brand new MasterCard payment specification designed for mobile near field communications (NFC).
The software application and the UICC have both successfully achieved the compliance assessment and security testing certification in accordance with MasterCard's highest chip security requirements. This major breakthrough paves the way for mass commercial rollouts of NFC payment across the world. Gemalto's software application embeds the Trusted Service Management interface for PayPass. About Gemalto Gemalto is at the heart of our evolving digital society. La télé du numerique. La vidéo sélectionnée Paypal affiche ses ambitions - Interview d'Alexandre Hoffmann, Directeur Général pour la France Paypal ambitionne de devenir le moyen de paiement préféré des Français.
La réalisation de cet objectif passe par le mobile, appelé à devenir un support de plus en plus utilisé pour le e-commerce, mais aussi par Facebook dont la présence ne cesse de renforcer.Qu’est-ce que PayPal aujourd’hui ? La mission de PayPal est de devenir le moyen de paiement préféré des Français. Quelles sont les évolutions récentes de ce mode de paiement ? Quelles sont vos ambitions pour 2011 ? Starbucks Mobile Payments Draw 3 Million Customers. If there’s anything to which Starbucks customers are more addicted than caffeine, it’s Starbucks’ new mobile payment system. Only two short months ago, Starbucks rolled out a branded mobile payments system through the Starbucks Card Mobile iPhone and BlackBerry applications, which can be used at nearly 7,000 Starbucks across the US.
Now, the results are in. This week, Starbucks announced that some 3 million coffee-crazy customers have purchased their morning joe using Starbucks Card Mobile. The announcement was made by chairman and CEO Howard Schultz during the Starbucks annual meeting of shareholders in Seattle. “Starbucks now offers the nation’s largest mobile payment network,” added Brady Brewer, vice president of Starbucks. Schultz, however, maintains that both mobile payments and social networking will remain vital aspects of the company’s “blueprint for growth” in the future. Why Payments Are Hard, Even For Apple And Google. Editor’s note: Guest author Ohad Samet is an expert in managing fraud and other risks in payments systems.
He was previously a senior manager at PayPal and blogs at As Risky At It Gets. We hear a lot of chatter about new payment services, and who’s competing in the space, and obviously who’ll win the space or own a big piece of it. Lately we’ve seen some movement when both Apple and Google announced new payment options for digital publishers and exchanged a few blows. So are the giants going to displace PayPal soon? The problem with discussions about payments is that they are often times misinformed. Dominating payments requires much more than having the most users with credit cards or a huge take rate on digital content. In terms of core competence, both companies are facing some difficulties; interestingly enough, each company is strong where the other is weak. Cost is another issue.
Photo credit: Flickr/ Dave Barger. Paypal Is About To Get A Bruising From Facebook And Square. Le futur de la banque. Why PayPal Doesn't Care About NFC. Look out Paypal: Visa jumps into personal payments. Google souhaiterait tester le paiement sans contact aux Etats-Unis. Square’s Dorsey: Verifone Security Claims Not Accurate: Tech News and Analysis « Watch out, PayPal: Facebook gets serious about payments. Venmo's Simple, Loaded Premise: Pay Your Friends From Your Phone: Tech News and Analysis « American Express bets on Payfone for mobile payments.