An Investigation of the Adoption of Mobile Money Transfer Service in Somaliland
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MOBILE Payments Market Guide 2013
MOBILE PAYMENTS MARKET GUIDE 2013 INSIGHTS IN THE WORLDWIDE MOBILE TRANSACTION SERVICES ECOSYSTEM OVER 350 COMPANIES WORLDWIDE INSIDE Extensive global distribution via worldwide industry events As the mobile payments ecosystem is becoming increasingly more crowded and competitive, the roles of established and new players in the mobile market is shifting, with new opportunities and challenges facing each category of service providers. Efma, the global organization that brings together more than 3,300 retail financial services companies from over 130 countries, welcomes the publication of the Mobile Payments Market Guide 2013 by The Paypers as a valuable source of information and guidance for all actors in the mobile transaction services space. Patrick Desmarès - CEO, Efma MOBILE PAYMENTS MARKET GUIDE 2013 INSIGHTS IN THE WORLDWIDE MOBILE TRANSACTION SERVICES ECOSYSTEM Authors Ionela Barbuta Sabina Dobrean Monica Gaza Mihaela Mihaila Adriana Screpnic RELEASE | VERSION 1.0 | APRIL 2013 | COPYRIGHT © THE Paypers BV | ALL RIGHTS reserved 2 MOBILE PAYMENTS MARKET GUIDE 2013 INTRODUCTION Introduction You are reading the Mobile Payments Market Guide 2013, a state- se and the way commerce is done. From a quick and accessible of-the-art overview of the global mobile transaction services channel for banking on the move to a sophisticated tool for shop- ecosystem and the most complete and up-to-date reference ping, price comparison and buying, the saga of the mobile device source for mobile payments, mobile commerce and mobile is an on-going story that unfolds in leaps and bounds within a banking-related information at global level. This guide is published progressively crowded (and potentially fragmented) ecosystem. -
Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company
Quarterly Update Q1 2015 Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company Financial Technology Sector – First Quarter 2015 Update M&A and capital markets activity remained strong during the first quarter of 2015, particularly in the United States. In fact, U.S. stock indices marked all-time highs during the quarter and deal-making activity continued its upward trajectory, propelled by improving confidence among consumers and corporate executives, low-cost credit, and record levels of cash. While market participants largely ignored the prospect of rising interest rates, a collapsing energy sector, global currency concerns, and continued economic uncertainty abroad, this could be an area of concern moving into the second quarter of 2015. One of the most prominent storylines within the financial technology sector in the first quarter was the escalating bets made on payments solutions by the likes of tech giants Apple, Google, and Samsung. The release of Apple Pay unilaterally raised the stakes across the industry and was a catalyst for a wave of high-profile announcements, including Samsung’s acquisition of LoopPay, Google’s acquisition of Softcard, and PayPal’s acquisition of Paydiant. Traditional payments providers are thus being further pressured to accelerate innovation and expand international reach, which has in turn refocused corporate strategies away from building domestic scale and vertical plays toward acquiring differentiated, earlier-stage, technology platforms with global capabilities. Global’s acquisition of Realex, Worldpay’s acquisition of SecureNet, and MasterCard’s acquisition of TNS’s gateway are recent examples of this trend, which we believe will be a significant driver of sector M&A activity going forward. -
Ncr Shortresearch Thesis 4-23-2015
1 This research presentation report expresses our research opinions, which we have based upon interpretation of certain facts and observations, all of which are based upon publicly available information, and all of which are set out in this research presentation report. Any investment involves substantial risks, including complete loss of capital. Any forecasts or estimates are for illustrative purpose only and should not be taken as limitations of the maximum possible loss or gain. Any information contained in this report may include forward looking statements, expectations, pro forma analyses, estimates, and projections. You should assume these types of statements, expectations, pro forma analyses, estimates, and projections may turn out to be incorrect for reasons beyond Spruce Point Capital Management LLC’s control. This is not investment or accounting advice nor should it be construed as such. Use of Spruce Point Capital Management LLC’s research is at your own risk. You should do your own research and due diligence before making any investment decision with respect to securities covered herein. You should assume that as of the publication date of any presentation, report or letter, Spruce Point Capital Management LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our subscribers has a short position in all stocks (and/or are long puts/short call options of the stock) covered herein, including without limitation NCR Corporation (“NCR”), and therefore stand to realize significant gains in the event that the price of its stock declines. Following publication of any presentation, report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation. -
Annual Report 2020
Boku, Inc. Annual Report and Accounts for the year ended 31 December 2020 ended 31 December theBoku, Inc. Annual Report year for and Accounts Into the Big Pond Boku, Inc. Annual Report and Accounts for the year ended 31 December 2020 Welcome Boku is building the future of mobile commerce, growing, monetising and securing transactions for billions of consumers around the world. Mobile devices are the most widely distributed consumer technology in the world today, with over five billion devices connected to a global network of operators. Boku’s platform ensures that our over 500 customers, including six of the seven most valuable companies in the world, can collect payments for digital goods and secure consumer transactions and data in every corner of the globe. Boku has integrated over 220 payment types including carrier billing and mobile wallets into its M1ST (Mobile First) Payments Network. Merchants can integrate all of these payment types through a single connection, gaining access to the billions of consumers who prefer to pay with their phone. Boku provides the most comprehensive network of mobile identity to streamline and secure valuable online transactions, delivering superior user experience and reduced instances of fraud for digital service providers, including financial institutions. To learn more about Boku, as well as obtain the latest information of interest to investors and stakeholders, please visit our website at www.boku.com Our customers Contents Strategic Report Governance Financials Chairman’s Statement .......................... 2 Board of Directors ..............................24 Independent Auditor’s Report ...........48 Strategic Report– Senior Management ...........................26 Consolidated Statement Into the Big Pond ................................. -
Mobile Payment: Technologies and Business Models
Mobile Payment: Technologies and Business Models By Harry Wang, Director of Health and Mobile Product 4Q 2011 Research; Jennifer Kent, Research Analyst Synopsis Emerging Payment Options This report provides What is your preferred method of paying for service analysis and forecasts of the emerging mobile and transactions on your mobile phone? payments market (Among U.S. BB HHs) using the latest market data, consumer survey results, and briefings Bill me on my monthly mobile service bill with key industry players. It includes an I am not comfortable with doing financial overview of the core transactions on mobile phone technologies enabling mobile commerce and Pay with my credit card by entering card # and mobile payments, expiration date including near field communications (NFC). It illuminates A direct debit from my checking/saving account the growing mobile payments value chain and explores in-depth Use PayPal or other types of e-Wallet solutions that the implications of link to my bank/credit card account mobile payments for 0% 40% the major players, Source: Mobile Cloud Media and Access Platforms including carriers, © Parks Associates payment networks, and merchants. Publish Date: 4Q 11 "With the creation of the ISIS initiative in 4Q10 and the launch of Google Wallet in 3Q11, the mobile payment industry is riding the recent momentum to build scale,” said Harry Wang, Director of Health and Mobile Product Research at Parks Associates. “The success of the mobile payment industry not only hinges on consumer and merchants’ willingness to -
Mobile Payments
ICT Trends Digital Healthcare | Mobile Payment | Assistive Technologies | Internet of Things (IoT) 5th Generation Mobile Networks (5G) | Artificial Intelligence and Machine Learning Blockchain and Shared Ledgers | 3D Printing 5TH GENERATION MOBILE NETWORKS (5G) DIGITAL BLOCKCHAIN AND HEALTHCARE SHARED LEDGERS MOBILE 3D PAYMENT ICT Trends PRINTING INTERNET OF ASSISTIVE THINGS (IOT) TECHNOLOGIES ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING ICT Trends Mobile Payments ICT Trends This work is available open access by complying with the Creative Commons license created for inter- governmental organizations, available at: http://creativecommons.org/licenses/by/3.0/igo/ Publishers must remove the United Nations emblem from their edition and create a new cover design. Translations must bear the following disclaimers: “The present work is an unofficial translation for which the publisher accepts full responsibility.” Publishers should email the file of their edition to [email protected] Photocopies and reproductions of excerpts are allowed with proper credits. Disclaimer : The views expressed herein are those of the authors, and do not necessary reflect the views of the United Nations. This publication has been issued without formal editing, and the designations employed and material presented do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention -
The Payments Ecosystem: Security Challenges in the 21St Century
The Payments Ecosystem: Security Challenges in the 21st Century Phil Smith III Senior Architect & Product Manager, Mainframe & Enterprise Distinguished Technologist Micro Focus International Agenda A Short History of Payments The Payments Landscape Today Anatomy of a Card Swipe Card Fraud: How It Happens Protecting Yourself and Your Company Evolution (and Intelligent Design?) A Short History of Payments In the Beginning… Early Currencies Large Purchases Small Purchases Purchases on Yap (island of stone money) Evolution • “Lighter than goats!” • Chek invented: Persia, 550–330 BC • Achaemenid Empire (remember them?) • India, Rome, Knights Templar used cheques More Modern Uses • Cheques revived in 17th century England • Soon after: preprinted, numbered, etc. • Magnetic Ink Character Recognition added in 1960s MICR Modern Payments Systems Many Alternatives to Checks • Not the only game in town any more… • Online payment services (PayPal, WorldPay…) • Electronic bill payments (Internet banking et sim.) • Wire transfer (local or international) • Direct credit, initiated by payer: ACH in U.S. giro in Europe • Direct debit, initiated by payee • Debit cards • Credit cards We’ll focus on these • …and of course good ol’ cash! Charge Cards vs Credit Cards • Terms often interchanged, but quite different • Charge cards must be paid off that month • Credit cards offer “revolving credit” • Credit card actually “invented” back in 1888: “… a credit card issued him with which he procures at the public storehouses, found in every community, whatever he desires -
Migrant Remittances: Alternative Money Transfer Channels
Institute for International Political Economy Berlin Migrant Remittances: Alternative Money Transfer Channels Authors: Martina Metzger, Tim Riedler, Jennifer Pédussel Wu Working Paper, No. 127/2020 Editors: Sigrid Betzelt, Eckhard Hein (lead editor), Martina Metzger, Martina Sproll, Christina Teipen, Markus Wissen, Jennifer Pédussel Wu, Reingard Zimmer Migrant Remittances: Alternative Money Transfer Channels Martina Metzger ([email protected]), Professor of Monetary Economics, Berlin School of Economics and Law, Institute for International Political Economy Berlin (IPE) Tim Riedler ([email protected]), HTW University of Applied Sciences Berlin Jennifer Pédussel Wu ([email protected]), Professor of International Trade and Production, Berlin School of Economics and Law, Institute for International Political Economy Berlin (IPE) Abstract This paper first explores the role of digital financial services, e.g. mobile money systems and cryptocurrency-based systems, and their impact on the choice of migrants to send remittances. Secondly we discuss whether alternative remittances sending channels increase access to financial services for remittance-sending and remittance-receiving households. Africa, and in particularly Kenya, are pioneers in alternative money transfer systems and of tailor-made regulatory initiatives to address digital financial services. Thus, our paper focuses on the technologies of the Kenyan mobile money system, M-Pesa, and the major cryptocurrency, Bitcoin, and based on that takes into account selected experiences of other Sub-Saharan African countries. We find that in comparison to traditional remittances sending channels, mobile money transfer channels are often superior in terms of service-related features as costs of transfers for sending and receiving households, speed of delivery, availability and access to the remittances by receiving households or security of transactions. -
Notes 12 Bibliography 13
Bringing E-money to the Poor E-money to Bringing Public Disclosure Authorized Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Finance Riley and Kulathunga Bringing E-money to the Poor Public Disclosure Authorized Successes and Failures Thyra A. Riley and Anoma Kulathunga Public Disclosure Authorized Bringing E-money to the Poor DIRECTIONS IN DEVELOPMENT Finance Bringing E-money to the Poor Successes and Failures Thyra A. Riley and Anoma Kulathunga © 2017 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 20 19 18 17 This work is a product of the staff of The World Bank with external contributions. The findings, interpreta- tions, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo. -
CGAP Landscape Study on International Remittances Through Mobile Money Final Report Context of This Study
February 2012 CGAP Landscape Study on International Remittances through Mobile Money Final report Context of this study CGAP’s Technology & Business Model Innovation Program commissioned Dalberg Global Development Advisors to conduct a ‘refresh’ on an earlier landscaping study for international remittances through mobile money. Study methodology Interviews and Preliminary research supporting research Outputs • Re-scan of live and planned • Conducted 17 telephone and live • A summary report detailing the international remittance interviews with operators, industry landscape in 2012, as well deployments identified in 2010 technology providers, and industry as emerging innovations, success study experts to establish a view of the factors and challenges. current market, capture success • Full desk review of major MNOs and factors and challenges, and • Seven case studies representing a mobile money deployments to understand the potential impact of mix of deployments: identify and validate current and innovations on the industry —Longer-term initiatives planned IR deployments —New entrants • Followed-up by email or phone for —Intermediary operators who • Industry consultation for additional additional validation of findings in are shaping the industry context and validation of particular final week of study providers • Collaborated with CGAP to consider implications to mobile money deployments and financial inclusion 2 Executive summary (1 of 2) Since our initial study in 2010, there has been growth in international remittance (IR) deployments -
Mobile Payments Three Winning Strategies for Banks
White paper Mobile payments Three winning strategies for banks Executive summary technology is evolving with a need for partnerships, and where banks may Mobile payments are a hot topic in the feel they lack the expertise. financial industry and a top priority for This competitive and fast evolving banks, because: landscape creates doubt. Many banks — The ever growing ubiquity of the wonder what to do: just stand by and Seize the opportunity mobile phone: on a world population watch or respond more pro-actively? of 7 billion, there are 5 billion mobile What is our bank’s mobile payments phones, but only 2 billion people have strategy? a bank account; Our recommendation to banks regarding — Consumers are using their mobile mobile payments is two-fold: phones to make payments in over 130 1. Play to your strengths. Double- deployments with a 100 more planned guessing under these circumstances and several new initiatives announced can be costly. The path to success each week; Highlights is to use clear criteria: respond to Mobile payments are a top — It is a growing market predicted to an obvious customer demand, use priority increase to 900 million users and USD technologies that satisfy that need, and There is competition from non- 1 trillion in transaction value by 2015. decide based on a clear business case. banks Many banks have launched a mobile 2. Use mobile payments to bring your Banks can use mobile payments payments service or wallet, but this customers closer to your bank, in a to get closer to customers opportunity also brings specific new “experience banking model” (cf. -
NYC-MOW41401 RBB Digest-SPR-2012-018
Financial Services SPRING 2012 RETAIL BANKING AMERICAS DIGEST IN THIS ISSUE 1 US MORTGAGE FINANCE • JAMES WIENER, MICHAEL ZELTKEVIC 2 MOBILE PAYMENTS • ANDY DRESNER, CHAITRA CHANDRASEKHAR 3 C LIENT EXPERIENCE • JOE FIELDING, KENAN RODRIGUES, MICHAEL D’ESOPO 4 US CONSUMER CREDIT SCORE MIGRATION • PETER CARROLL 5 RELATIONSHIP PRICING • INDERPREET BATRA 6 B RANCH FLEXING • SUMIT SAHNI, PAUL MEE, AARON FINE, MASSIMO TESSITORE TABLE OF CONTENTS 1. US MORTGAGE FINANCE 1 What should the future look like? James Wiener, Partner and Head of the Americas Public Policy Practice | Michael Zeltkevic, Partner and Head of the Americas Retail and Business Banking Practice The financial crisis exposed fundamental deficiencies in the US mortgage finance system. This article explores the set of options faced by policy makers for driving the evolution of the single-family home finance landscape and outlines the importance of clearly defined objectives in this redesign. 2. MOBILE PAYMENTS 7 Aligning strategy with opportunity Andy Dresner, Partner | Chaitra Chandrasekhar, Consultant Mobile payments are widely expected to become much more prevalent in the next few years, which will cause global players to examine their strategies and invest in new initiatives. This article describes the opportunities and threats for banks in both developing and developed markets, and how quickly change may unfold. 3. CLIENT EXPERIENCE 13 From strategy to execution Joe Fielding, Partner | Kenan Rodrigues, Senior Manager | Michael D’Esopo, Partner, Lippincott Recent economic times have reshaped the attitudes and needs of retail banking clients and catalyzed a significant and measurable negative customer sentiment towards the industry. This article describes the “client experience” – and why banks’ increased focus on it is critical in today’s marketplace.