“The mobile retail payment market is moving ahead on multiple fronts in 2013.
Boston, MA (PRWEB) May 02, 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.
Even 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 options.”
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
This report contains 28 pages and 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 Group’s 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.
For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send e-mail to info(at)mercatoradvisorygroup(dot)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 PaymentsJournal.com.