The Future of Money and Mobile Commerce. If you're over the age of 20, you've likely used a credit card, counted change and maybe even written a check. But is all that about to change? Mobile payment hasn't become the de facto method of financial transactions just yet, but it is projected to overtake those archaic checkbooks and bank notes you've been lugging around. Our friends at SapientNitro have compiled research to create this infographic, which details the past, present and possible future of mobile commerce. The company shares the three types of mobile payments that dominate the marketplace today: m-commerce (uses a mobile browser and online wallets), m-payments (uses mobile apps), and m-wallets (replaces your entire wallet). SEE ALSO: How PayPal Here Stacks Up Against Other Mobile Payment Options But are consumers ready to wholeheartedly adopt the latest in mobile payment technology? Then again, many people found paper checks awkward and credit cards confusing the first time around.
Payment Observer » Forecast: Mobile Payment Trends for 2012. Over the last years, mobile payments have become a mainstream topic and e-commerce is more and more becoming m-commerce. Mobile payment service provider mopay has released its forecast of mobile payment trends in 2012. Spurring the growth of mobile payments, mopay predicts the following for 2012: Increased Competition Further consolidation within the market will add new levels of competition and offerings. In 2011, major global technology platforms began acquiring or establishing their own direct carrier billing services.
As a result, other big players entered the mobile payments arena via acquisition and in 2012 each will try to differentiate themselves by adapting their current offerings to new technologies. Global availability Direct carrier billing adoption will increase tenfold as globally established solution providers outpace local and regional solutions, and will finally become 100% global. Adoption of direct carrier billing across various industries Customized solutions. 2012: a bank technology outlook.
What’s hot in tech in 2012 is a continuation of what’s hot in tech in 2011: cloud, smartphones, tablet PCs, contactless mobile and more. Rather than just repeating all that again, let’s be more specific: Contactless mobile will reach a tipping point in retail paymentsSocial media will become a core communications toolPFM, combined with social media, is going to enjoy a boom yearTablet PCs with financial apps will be pervasive and ubiquitousRisk management will be a key area of software developmentFPGAs and GUIs will be deployed across investment markets“Data as an asset” will be the most common phrase used The last item is the most important one, and the preceding items show why.
Contactless mobile will reach a tipping point in retail payments I covered this yesterday and could repeat it again, but suggest you checkout yesterday’s entry if this is of interest to you (it is repeated at the end of this blog entry if you don’t want to click through). J.P. “J.P. Banks are data businesses. 2012: a banking outlook. Yesterday, we talked about the economic outlook for 2012. What about the banking outlook? Well it’s also challenging, with five clear things happening: Regulatory change will still be high on the agendaInvestment banking will get a radical overhaulClearing and settlement will become a much bigger focusReconstructing distribution will be a big challengeContactless mobile will reach a tipping point in retail payments Regulatory change will still be high on the agenda It’s pretty obvious that the world’s regulators are continuing to struggle with how to manage the financial system, as most cannot even agree on a definition of what is a commercial versus speculative trade.
They’re getting there … but it’s taking time (three years so far). Maybe that’s good, as we don’t want to rush into senseless change, but it’s also bad as every regulator has a different idea of how to tackle this crisis. That’s the rule: if it's not hedged, it's pure speculation. Investment banking will get a radical overhaul. Les nouveaux moyens de paiement: une source de bouleversements à venir dans les 5 ans. Compass Management Consulting, une société du groupe ISG (Information Services Group) (NASDAQ:III), et leader mondial de l’analyse comparative dédiée à l’amélioration des performances des entreprises, se penche à l’occasion de la publication d’une étude sur les stratégies des nouveaux moyens de paiement, signée Guillaume Almeras, Directeur Banques de Compass Management Consulting, sur ce tournant stratégique.
Une étude basée sur l’observation de plus de 30 solutions de paiement innovantes dans le monde Tous les professionnels s’accordent à reconnaître que les moyens de paiement vont connaitre ces 5 prochaines années des bouleversements comme ils n’en ont jamais si rapidement, ni si profondément connu. De fait, il n’y a jamais eu autant d’innovations qu’actuellement dans les moyens de paiement.
Et d’ores et déjà quelques grandes lignes stratégiques se dégagent. Compass Management, via Guillaume Almeras, a estimé que c’était le moment de faire un tour d’horizon. Related. Quatre prévisions sur l’industrie du paiement pour 2012. Malgré les centaines d’idées qui apparaissent, peu possèdent la bonne combinaison pour susciter à la fois l’intérêt de tous et l’adoption massive.
Difficile donc de se faire une idée précise de ce qui façonnera le futur du paiement, et donc notre quotidien. Il est toutefois possible d’en préciser les contours, en étudiant en profondeur ces « grappes d’innovation » - ces points d’intersections entre nouvelles technologies et simplicité d’utilisation. Ces signes tangibles qui montrent que l’innovation du paiement est prête à occuper le devant de la scène. 4 tendances principales se dégagent pour 2012. Les paiements mobiles vont poursuivre leur ascension fulgurante 2011 a marqué le démarrage du paiement sur mobile mais cette tendance va encore se poursuivre et s’accélérer en 2012. Car, le véritable pouvoir des appareils mobiles connectés résident dans la manière dont ils changent radicalement le comportement des consommateurs, bouleversant certains modèles existants. Ce n’est qu’un début. 4 payment industry predictions for 2012. With all the innovation in technology and business as well as new consumer behaviors, it’s sometimes difficult to separate what will shape the future of payments from what is just hype.
By closely examining “innovation clusters” — that intersection of new technology and consumer simplicity that signals that a payment innovation is ready for prime time, the picture can become a bit more clear. We see hundreds of great ideas, but only a few have the right combination to get traction and scale right now. With that in mind, here are a few predictions for the payments industry in 2012. Mobile payments continue to skyrocket We got a taste of mobile payments growth in 2011, and this growth will continue. The mobile industry is shifting into “third gear,” with smartphone penetration reaching global scale and well on the way to becoming the dominant connected device for 2 billion+ people over the next few years. Don’t think that mobile devices will be your future identity?