Mobile Payments Revolution - Report Highlights

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HOW TO BE READY FOR THE TIPPING POINT 2015 1 WHITE PAPER - THE MOBILE PAYMENTS REVOLUTION

Transcript of Mobile Payments Revolution - Report Highlights

HOW TO BE READY FOR

THE TIPPING POINT

2015

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WHITE PAPER - THE MOBILE PAYMENTSREVOLUTION

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ABOUT THIS WHITE PAPER

WHAT’S INSIDE?

55 pages

In-depth data - past, current and predicted

Global, regional and country-specific breakdown of mobile trends

A thorough look at the mobile processing landscape

Actionable steps on how to prepare for the inevitable tipping point

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CURRENT MOBILE LANDSCAPE

MORE THAN HALF OF MOBILE USERS ARE IN ASIA

There are 7 billion mobile subscriptions worldwide, almost reaching

saturation levels

More than half of the world’s mobile subscribers are in Asia Pacific

The use of mobile phones for payment at the counter (mPOS) is

expected to grow by 1000%

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MOBILE AS A PERCENTAGE OF TOTAL COMMERCE

6% of total retail is ecommerce

26% of ecommerce is mobile

4% of mobile is mPOS

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KEY TRENDS

MOBILE IS CHANGING THE DIGITAL WORLD

The Internet of Things

It is estimated that the number of devices connected to the Internet will grow from

10 billion today to 50 billion by 2020

Banking the unbanked

As many as 2.5 billion people may be unbanked internationally

Access to developing markets

Traffic from mobile devices and tablets grew 56% globally in 2014, whereas traffic

from laptops and desktop computers grew 13%

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REGIONAL BREAKDOWN OF MOBILE PAYMENTS

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MOBILE PAYMENTS LANDSCAPE

FRAGMENTED AND CROWDED

Tech giants

Apple and Samsung with card schemes; Visa and MasterCard

Large-scale retailers developing their own solutions to avoid fees

Wal-Mart (CurrentC) and Starbucks mobile app

Independent providers for SMEs

Many small, innovative players that are unknown

Established names are not talking about back office optimization - legacy systems

Payvision – we provide a unique solution in this crowded landscape

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CONCLUSIONS

THE FUTURE IS MOBILE

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In-store payments will be mobile

By 2017 mPOS will account for 45% of mobile payments

Actionable steps - we tell our clients how to be ready

Optimize for today

Think ahead to your mobile-ready solution for tomorrow

Know your processing partner

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FULL REPORT

The report is available to download for

free on the Payvision website

Source: Payvision – The Mobile Payments Revolution, 2015