Tap. Pay. Done. This simple, secure, and increasingly mobile action has transformed the shopping experience and unlocked opportunities for small businesses worldwide. Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year, supporting millions of sellers of all sizes. In the highest Tap to Phone countries – the U.S., UK, and Brazil – adoption rates have surged, showing a combined growth rate of 234%¹.

Tap to Phone expanded Visa’s tap capabilities with a technology that turns a smartphone into a point-of-sale (POS) device, simply by downloading an app. With nearly 30% of Tap sellers being new small businesses², this technology is helping to democratize access to commerce tools and empower microsellers and SMBs around the world to start accepting contactless payments by using their NFC-enabled smartphones.

“Tap to Phone is a tech equalizer for businesses. Walk into some of the world’s largest retailers or go to your local farmer’s market and they’re using this same technology to accept payments right on their phone,” said Mark Nelsen, Global Head of Consumer Products, Visa. “People love to tap, so we’re continuing to expand our tap capabilities to create the best payments experiences for people and businesses.”

Empowering SMBs and Microsellers Worldwide

Whether a merchant is popping up at a local market or a major retailer equips employees to assist customers on the floor, Tap to Phone helps businesses of all sizes easily accept payments. Small business owners say Tap to Phone gives them more confidence, makes their operation feel more sophisticated, and helps them grow their businesses.

Ariel Davis, owner of The Brooklyn Teacup, an upcycling business in New York that gives new life to vintage china, says Tap to Phone technology helped her pivot to open an in-person studio for customers. Notably absent from her compact space: a desk, computer setup or register.

“You don’t typically couple vintage china and innovation, but in some ways, I feel like a tech startup because we’re always trying to figure out what’s going to make this experience the best for our customers and the latest technology that will take us there,” said Davis.

Lucas Avelino, owner of the Santa Felicidade restaurant in Brazil, echoes this sentiment: “Adding Tap to Phone capabilities creates a good and fast payment experience for our clients. It brings a sense of technology and innovation to my restaurant.”

In the UK, Reuthe’s evolved from an old woodland nursery into a thriving event space. Under its current ownership, the farm expanded its offerings to include live music events and food festivals. One challenge with the new use of space became clear: how to process payments efficiently across the sprawling 11-acre site. Previously, transactions were limited to fixed payment points, but now by adopting Tap to Phone, the farm has been able to turn every staff member’s phone into a payment terminal.

“We expect overall business growth of 20% this year and Tap to Phone will play a huge role in that,” said Simon Young, Events Manager and Café Owner, Reuthe’s. “It’s transformed the customer experience too, cutting queue times and making purchases effortless. For any small business looking to boost sales and simplify payments, this technology is a no-brainer.”

The Future of Tap

This upward trend for Tap to Phone is expected to continue through the next year as more consumers and businesses may begin to recognize the benefits of tap technology and more use cases may hit the market.

For example, Tap to Add Card enables users to add eligible credit or debit cards to their digital wallet by simply tapping a card to their phone. Since Tap to Add Card rolled out globally with Apple Pay in September 2024, it has picked up traction and enabled millions of tokens for more than 100 issuers, helping achieve higher authorization rates and fraud reduction rates. Visa cardholders can add their Visa cards to Apple Wallet faster than ever, with no need to manually input card details.

Visa has also developed Tap to Confirm, which allows consumers to quickly and securely authenticate a high value transfer and Tap to Send and Request money, a feature that allows you to tap your physical card or card credential to a device wallet on a friend’s phone to securely send and receive money quickly and seamlessly. Tap to Send will be available later this year on Samsung Galaxy devices as “Tap to Transfer.”

_____________________________
¹ VisaNet FY23-FY24
² VisaNet FY23-FY24

Source: Business Wire

Every business that accepts credit/debit cards must abide by these PCI standards, no matter what processing method they use. BluePay has compiled a simple guide answering some frequently asked questions as well as debunking a couple myths about PCI compliance.

Nets and OT have combined their capabilities and knowledge to offer an end-to-end mobile payment solution. Nets has developed its core payment platform to support Host Card Emulation (HCE) and tokenisation in order to facilitate secure mobile payments. OT has existing partnerships and established connections with major digital wallet providers, enabling the digitization of payment cards from enrolment of the card holder to secure provisioning services. With this partnership with OT, Nets can offer banks a fully integrated service.

Nets and OT will finalize the integration in due course and be ready to offer the first banks testing capabilities for upcoming third party digital wallet support.

“By adding OT’s Digital Enablement platform to our interoperable and modular platform, Nets will further increase our customers’ capabilities to seamlessly enable international mobile payment means such as e.g. Samsung Pay for their customers. Once banks have finalized their commercial agreements with international mobile payment systems, Nets will be there to secure immediate enablement of these new payment means, on demand, through their mobile wallet solutions. For banks already integrated with Nets, this will be an off the shelf service”, says Hans Henrik Hoffmeyer, SVP of Mobile Services area in Nets.

Worldwide, mobile payments are growing very fast, and Nets expects significant growth within mobile payments by 2020. This will be driven by smartphone and tech players who have all launched their pay services as well as by banks launching their own wallets based on HCE and tokenisation technologies.

“We are very proud to partner with Nets to help enable international mobile payment systems for Northern European banks. We are convinced that mobile payments will be adopted by consumers thanks to solutions enabling real-time card enrolment and provisioning. Nets is well positioned in respect of processing services in Northern Europe, which will allow fast integration of banks. Nets’ choice to work with us is a recognition of our leadership and expertise in enabling mobile payment initiatives all around the world”, says Eric Duforest, Managing Director of the Financial Services Institutions business at OT.

In this fragmented ecosystem, where new international mobile payment means and wallet offerings are periodically announced, issuers will be looking for reliable partners who can abstract the complexity and build a future-proof technical solution supporting all major mobile payment models. Nets’ tokenisation and processing services will be seamlessly integrated to OT’s digital enablement offering and will be available to support all regional banks to enable international mobile payment means once they have launched in the Nordics.

Source: Business Wire

“Kohl’s Pay truly redefines convenience for our loyal Kohl’s Charge customers by simplifying the checkout and payment experience – making it easier than ever to shop in store this holiday season,” said Ratnakar Lavu, Kohl’s chief technology officer. “We’re combining value and convenience by bringing together the incredible savings opportunities that our customers love like Kohl’s Cash and our Yes2You Rewards loyalty program with the ability to pay with a Kohl’s Charge, all from your mobile device.”

Integrated Commerce Experience

With Kohl’s Pay, savings opportunities are organically built into the experience, allowing customers to automatically redeem offers, Kohl’s Cash and Yes2You Rewards that are saved in their mobile wallet and pay for their purchases with their Kohl’s Charge in one transaction. Additionally, every Kohl’s Pay transaction is stored on customers’ mobile devices allowing them the opportunity to easily make a return or an exchange right from the Kohl’s App.

How It Works

To use Kohl’s Pay in store, Kohl’s customers save their Kohl’s Charge information to Kohl’s Pay within the Kohl’s App on their iOS or Android device. To pay for their purchase at checkout, customers can launch the Kohl’s App and select Kohl’s Pay from the menu options to bring up the Kohl’s Pay QR code reader. Once a QR code appears on the customer display at point of sale, customers can scan the code using their mobile device, apply their savings offers and Kohl’s Cash then tap approve to complete their transaction using Kohl’s Pay.

Source: Business Wire

The talks are ongoing, and it is unclear if any of the banks have struck an agreement with Apple, these people said. Key details remain in flux, including technical aspects that would determine how the service would tie into the banking industry’s existing infrastructure, they said.

Read more, via: Nasdaq

Once inseparable, their paths have splintered into very different directions as the volatile crypto-currency is linked with pyramid schemes while the technology graces the covers of mainstream magazines.

The European Commission this week signalled its approval for ledger visionaries to continue tinkering.

A commission spokeswoman told BlockchainBriefing: “Innovation in financial markets is something the commission supports but there are no legislative developments in relation to blockchain at this stage.”

Brussels has never spoken of Bitcoin in terms of innovation or support.

Bitcoin: ‘On life support’

Indeed, it is on life support according to the boss of a major investment bank.

JPMorgan chief executive Jamie Dimon made waves with recent comments that “my personal opinion; there will be no real, non-controlled currency in the world”.

“There is no government that’s going to put up with it for long … there will be no currency that gets around government controls,” he told Fortune.

Adding that the underlying technology, blockchain, would flourish, he said: “It may even be used to transport currency but it will be US dollars.”

Dimon’s firm is part of the now 25-strong blockchain initiative brought together by innovators R3.

It is collaborating with Deutsche Bank, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, Goldman Sachs, Royal Bank of Scotland, State Street, UBS and many more to create a global standard in blockchain technology.

None of the above appears interested in Bitcoin, other than UBS which is experimenting with a hybrid version of its own crypto-currency, very different from its decentralised forbearer.

Global anti-money laundering (AML) watchdogs are also pushing the message that exchanges, where the crypto-currency can enter the traditional financial system, will be regulated first.

R3 itself is very much “virtual currency agnostic”. It cares solely about the foundation technology, which carries a degree of risk, but nowhere near the controversy of Bitcoin.

Managing director Charley Cooper told BlockchainBriefing: “While it is true that distributed ledger technology grew out of the e-currency world, it is certainly in no way reliant on it and in many ways the underlying infrastructure has now far outgrown Bitcoin itself.

“The potential for this technology in financial markets is vast — we believe it is the catalyst to enable banks to enter a new frontier of technology, as they did in the mid to late-nineties with the adoption of the internet, delivering huge improvements in transparency, efficiency and risk.”

From rolled eyes to rolled sleeves

Regulatory uncertainty looms over the crypto-currency, and pressures in this area were cited as a factor in the swing in attention.

For others in the space, the almost limitless promise of what a ledger can do as an automated, speedy, irreversible, incorruptible record of transfer value, offers far more potential.

Daniel Tannebaum, director in auditing giant PricewaterhouseCooper’s financial crimes advisory practice and the leader of the global financial services sanctions practice, said that suspicion has been quickly replaced with opportunity.

“A lot of our clients are the global financial institutions, they are primarily concerned with what blockchain technology can do to disrupt their business, and they are trying to front run that by putting pilots into place along those lines,” he told BlockchainBriefing.

“For the custody business, it’s about how can we leverage blockchain to manage the custody of assets.

“I hear a lot about chain of custody, given I work with a lot of custodians, and initially their eyes would roll, now they are taking it seriously over what it will mean for business.

“Custodians are excited, they are looking at it as an efficiency play in a number of areas,” he said.

For Tannebaum, the industry is on the brink of a new dawn, similar to the introduction of the Automated Clearing House (ACH) or SWIFT networks.

The game-changing computer based networks allowed the processing of enormous volumes of payments across the globe, now totalling trillions of dollars a year.

ACH began life in 1974, pre-dating not only Bitcoin and the blockchain but the internet, smartphones, mobile and e-money.

Forty plus years of invention, globalisation, the evolution of banking and the payments space and huge leaps in technology, plus the emergence of non-traditional types into the space, has left it trailing.

Bank glitches are more frequent as out-dated systems crash under the weight of demand.

The new technology promises to end all that, to the tune of $20bn in savings a year.

“I think blockchain has staying power,” Tannebaum said.

“There are a number of companies springing up that are looking at these platform plays, and a number of banks really looking at integration seriously.

“I don’t think Bitcoin is dead yet but right now blockchain is what everyone is talking about,” said Daniel Tannebaum, leader of the global financial services sanctions practice at PwC.

“From a regulatory standpoint I think it is relatively straightforward, certainly nothing new if you are talking blockchain specifics.

“It’s just a different type of program that you have to build a control frame around, that is it.”

Financial services expert Margo Tank, a partner at BuckleySandler’s Washington, D.C. office, believes engaged and inquisitive lawmakers may be just what the space needs to aid growth.

“We have seen a wave of regulatory pressure sweep over the industry,” she said.

“However, it may be what is needed to get virtual currency, the blockchain and payments innovation to the next level.

“The Uniform Law Commission and the Conference of State Bank Supervisors are ones to watch closely in the US as they have shaped the way regulation is formed at the state level in the past and there is no reason to think they won’t be involved in the future.”

Education, education, education

Tannebaum’s point that regulators cannot be innovators comes from his own experience on both sides of the fence, believing legislators and law enforcement are not the enemy.

“The fact that they ask questions does not mean they are trying to stifle, it means they are trying to wrap their heads around it and I think there has been a lot of good private sector dialogue along those lines,” he said.

“What some companies have failed to realise is by pro-actively educating regulators and law enforcement you are ultimately making your own life a lot easier.”

“Treating them akin to how you are treating the guys who are backing your company is the right way of looking at it as they have a stake in this too, although not monetary it is an investment that can cost you money on the back end.”

He pointed to the emergence of blockchain advocacy and lobby groups seeking to engage.

Three have recently sprung up in Washington, D.C., joining the already well entrenched Electronic Transactions Association.

Their rise to prominence puts the fate of the very first crypto-currency lobbyists, the Bitcoin Foundation, into sharp focus.

The foundation, which was created in 2012, is “effectively bankrupt”, according to one board member, with former vice chairman Charlie Shrem jailed for his part in a major criminal enterprise linked to Bitcoin.

With Wall Street, stock exchanges, investment circles, corporate giants and governments all in blockchain’s corner, the split may actually be cleaner and faster than anyone expected.

Tannebaum certainly believes so: “For something so new that has that perception in the regulatory community, the banks banding together behind it show they are looking to come up with common ground rules makes a lot of sense, and that is what you need to do to ensure survival.”

About the author

Mark Taylor is a News Editor for PaymentsCompliance and BlockchainBriefing.

Mark’s regulatory coverage of the payments industry touches on a wide variety of subjects from cryptocurrency, international sanctions and anti-money laundering laws to innovation and emerging markets. He has been part of three award-winning editorial teams in regional newspapers across the UK, holding positions of political, business, transport, crime correspondent and assistant digital editor during that time. He has also reported for the Sun newspaper and the Guardian’s night and breaking news teams. Contact Mark

PaymentsCompliance offers leading commentary from the cutting edge of the global payments industry. Driven by an experienced team of lawyers and journalists, PaymentsCompliance bridges the gap between being aware of regulatory change and developments in payments and accessing the critical information and tools clients need to understand and prepare their businesses to react to these changes.

BlockchainBriefing is the world’s leading information and news portal for ledger technology, delivered straight to your inbox. Our in-depth news and analysis, expert commentary from legal and business minds, and compliance and regulatory updates, provide you with the business intelligence you need to stay abreast of market developments and guide your decision-making process.

Courtesy Aite.

Though person-to-person transactions occur daily, electronic P2P is only now beginning to realize its promise. New payment methods are allowing consumers to exchange money digitally, and various industry stakeholders, bank and nonbank alike, are scrambling for their share of this near-greenfield pie.

Who will dominate U.S. mobile P2P payments? Based on a Q2 2015 Aite Group survey of 1,724 U.S. consumers, this research estimates the transaction and dollar volume of P2P payments in the United States across payment method, use case, and generation.

This 39-page Impact Report contains 25 figures and 15 tables. Clients of Aite Group’s Retail Banking & Payments service can download this report. – See more at: Sizing Person-to-Person Payments in the United States.

The report forecasts the global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.

This report covers the present scenario and the growth prospects of the global mobilepayment market for the period 2015-2019. To calculate the market size, the report considers the total transaction volume sourced through mobile devices. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trendss that are emerging in the market.

The report, Global Mobile Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global mobile payment market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

For more information: Global Mobile Payment Market 2015-2019

Key vendors

Gemalto
Google
Mahindra Comviva
MasterCard
Orange
PayPal
Visa
Vodafone Group

Other prominent vendors

Airtel Money
Alipay
Amazon.com
American Express
Apple
Bank of America
Citrus Payment Solutions
Dwolla
First Data
LevelUp
LivQuik
MCX
Mobikwik
m-pesa
One97 Communication
Oxigen
Square
Tata Teleservices
Venmo
Y-Cash Software Solutions
ZipCash
ZipPay

Key questions answered in this report
– What will the market size be in 2019 and what will the growth rate be?
– What are the Key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?

For more information: Global Mobile Payment Market 2015-2019

It means meshing smartphones, dynamic pricing and dynamic supply to create a disruptive and delightful user experience.

The mobile payment revolution will further drive the uberisation of the economy and society towards an on-demand culture.

There is a massive opportunity for the retail sector to combine mobiles, loyalty schemes and the right payment solution – with personalized pricing only one aspect.

Report Table of Contents:

Executive summary
Context: a short history of mobile payments
Mobile payments: all hype? Confusion prevents adoption
Mobile payments: the convergence on NFC
Mobile payments: all Apple Pay? … even though NFC isn’t the best solution
Mobile payments: horizontal retailer collaboration unlikely, chance to lower fees
Mobile payments: retailer reluctance to share key data with service providers
Mobile payments: retailers as significant actors in financial services already
Context: Technology
Technologies: Near Field Communication, Complex Ecosystem Of Stakeholders
Technologies: Near Field Communication – The Least Bad Scenario For Incumbents
Technologies: Near Field Communication – Uncertain Regulatory And Legal Framework
Technologies: Near Field Communication – the push from Apple
Recent key developments
Summer 2014: WeChat launches P2P service, Amazon Local Register
September/October 2014: WeChat Quick Pay, UK retailers use Zapp
November/December 2014: Snapcash launched, WeChat’s new API, Line Pay
January 2015: Amazon Wallet folds, Line Taxi
February 2015: Google Wallet, WeChat’s red envelopes, Line acquires WebPay
February 2015: Samsung acquire LoopPay
March 2015: Alibaba, PayPal acquires Paydiant, Facebook payments, Line expansion
May 2015: Walmart in China, Starbucks hack, V.me
May 2015: MasterCard Send, UK moving towards cashless, Google’s Android Pay
June 2015: Samsung Pay delay, Denmark’s MobilePay
June 2015: UK gearing up for Apple Pay and Zapp launches
June 2015: MasterCard opens up private label cards, Samsung’s smartwatch
Company profiles – the device manufacturers / hardware providers
Apple Pay: the most likely company to get mobile wallets to gain traction
Apple Pay: off to a strong start … from an incredibly low base though
Apple Pay: winning with issuers in December 2014
Apple Pay: breaking into travel and airplanes in February 2015
Apple Pay: continuing to win with issuers in May 2015
Apple Pay: international expansion China and Canada
Apple Pay: …but what about retailers taking part?
Apple Pay: …poor outlook in Europe due to different structures
Apple Pay: … what EU banks have to consider, Apple as financial service provider?
Apple Pay: … but all is not lost, the reputation factor
Apple Pay: … imminent UK launch, July 2015
Samsung Pay: NFC and MST based, the LoopPay acquisition
Samsung Pay: wide retailer adoption possible due to supporting two standards
Samsung Pay: biometric function, banking partners
Verifone: introducing the service to Aldi Nord
Company profiles – the internet giants
ebay KPIs: Net revenue, marketplaces, payments, enterprise, growth 2009-13
ebay: revenue analysis – the outperformance by PayPal
KPIs: Marketing services and other revenue, growth 2009-13
Strategy – PayPal
PayPal: the jewel in the crown, moving to offline payments
PayPal: Paypal on other online platforms
PayPal: all stakes on the digital wallet?
PayPal: on course to become the number one digital wallet?
PayPal: coexistence of digital wallets and cash and card payments
PayPal: how will PayPal fare after the split? ApplePay, a stagnant innovator?
PayPal: PayPal – the opportunities after the split, new partners, new verticals
PayPal: PayPal for charities, university, QSRs, scaling up across the globe
PayPal: reduction in duplication of ebay sales teams, an acquisition target?
Venmo: PayPal’s P2P solution, making payments social
Venmo: …soon to connect users to businesses?
Recent key developments: PayPal Here SDK, moving more into offline
Recent key developments: Braintree’s one-touch mobile payments product
Recent key developments: Microsoft and Shell UK partnerships
Recent key developments: The Paydiant acquisition, Uber partnership
Google: the wallet failure and Softcard acquisition
Google: launching Android Pay
Google: Android Pay vs Samsung Pay, Hands Free Payment
Google: similar approach to Apple, with a crucial difference
Google: trying to create a payment ecosystem, AP a way out for CurrentC?
Google: will Android Pay be all about advertising? Will it charge fees?
Amazon: local register and Amazon’s weakness in payments generally
Amazon: the mobile wallet fail
Company profiles – retailers
Starbucks: the best player in the m-payment space, data points, low AOV
Starbucks: the outstanding mobile payments retailer, US UK interoperability
Starbucks: the customer experience
Starbucks: $15bn processed in m-payments, 7m weekly transactions
Starbucks: key learnings how to make m-payment work
CurrentC: retailers trying to collaborate and do the right thing1
CurrentC: blending payments with loyalty schemes, no till upgrades needed1
CurrentC: more retailer focused than consumer focused, still not live1
CurrentC: being wrong footed by Apple and NFC1
CurrentC: PayPal’s acquisition of Paydiant, the end for CurrentC?
Yapital: white label service provider in m payment is running into trouble1
Yapital: trying to pivot on the service and launch a CurrentC type solution1
Yapital: QR code solution might be up against it
Company profiles – the social networks and messaging apps
WeChat: transforming messaging into a one-stop digital platform1
WeChat: recent key developments from P2P to offline payments in store1
WeChat: opening the API, red envelopes1
WeChat: internationalising; pay for goods, pay friends, hail taxis and chat1
WeChat: a model for Facebook, Snapchat, Venmo and Square’s P2P to emulate
Line: building an ecosystem to cater for users’ digital lives1
Line: Line Wow, food-delivery service, Line Maps, Line Taxi, but will it internationalise?
Snapcash: Snapchat teaming up with payments processor Square1
Snapcash: P2P space gets increasingly crowded
Facebook: building a P2P solution from scratch1
Facebook: no target to monetise payments but rather keep users in the ecosystem
Square: successful dongle, unsuccessful digital wallet, Square Cash1
Square: from P2P to business transactions, $Cashtags enabling donations from strangers1
Square: but how to monetise SquareCash?
Stripe: backed by PayPal founders Peter Thiel, Elon Musk and Max Levchin1
Stripe: Stripe-powered apps will be accepting Apple Pay and Android Pay in UK
The card operators: what are Visa and Mastercard up to?
Card Operators: Disruption Ahead1
Card Operators: Will Still Dominate1
Card Operators: Threat To Interchange1
Card Operators: New Bank Transfers
MasterCard Send: accelerating mobile P2P payments in quickly growing space1
MasterCard Send: a late entrant1
MasterPass: standalone digital wallet and support for other players’ platforms1
MasterPass: in-store checkouts in preparation
Visa: Visa expands UK mobile payments service V.me
Banks: sitting tight
Banks: The Key Players1
Banks: Wait And See Attitude1
Banks: Fragmented EU Market1
Banks: Need To Embrace Innovation
Paym: P2P service from UK banks, not available for on and offline payments1
Paym: the data, 2.2m customers, £44m transactions
Zapp: developed by payments infrastructure company VocaLink1
Zapp : going head to head with Apple Pay
Strategy: Opportunities and recommendations
Strategy: fraud and risk management, recommendation1
Strategy: the business case, recommendation1
Strategy: mobility, loyalty, payments, recommendation1
Strategy: the advertising opportunity, recommendation1
Strategy: the potential of personalised pricing tied to m-payments1
Strategy: the risk of personalised pricing tied to m-payments1
Strategy: queue busting opportunity, higher ATVs through m-payments?
Outlook: all eyes on Apple Pay for now…
Outlook: Will Denmark become the first cashless society?1
Outlook: 2015 will see growth, but accessibility problem remains1
Outlook: loyalty and beacon technology1
Outlook: social networks and wearables
Sources
Table 1: KPIs: Net revenue, marketplaces, payments, enterprise, growth 2009-13
Table 2: KPIs: Marketing services and other revenue, growth 2009-13

More information: Mobile Payments 2015: Driving the Uberisation of the Economy

Courtesy Aite.

Mobile online payments, made either within a mobile application or through a mobile website, are changing commerce, and not just online. The worlds of online and physical commerce are blurring in parallel with the rapidly increasing utility of the consumer pocket computer—the smartphone.

Mobile online payments are at the cusp of a growth curve that could eventually subsume any other payment path, but the complexity in the space obscures the way forward.

This report focuses on mobile online payments, describes the different payment types and their applications, identifies issues and important lessons learned, and forecasts the mobile online ecosystem’s growth for the next five years. It is based on interviews with payment solution providers and over 50 opinion leaders, chief executive officers, and business managers. It is the second part of an exploration of mobile payments—find the first here.

This 23-page Impact Note contains 12 figures and one table. Clients of Aite Group’s Retail Banking & Payments service can download this report. More information: Mobile Online Payments: Disruption and Opportunity.