Mobile Payments: The Market for Travelers, Unbanked, and No/Low Credit Users

NEW YORK, Nov. 21, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

http://www.reportlinker.com/p01045432/Mobile-Payments-The-Market-for-Travelers-Unbanked-and-No/Low-Credit-Users.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Payment_Processing

A significant portion of the global population is "unbanked", low credit, or otherwise unable to establish and maintain a bank account. While this portion of the population is on a downtrend due to globalization and developing countries becoming more industrialized, the market segment without a traditional financial account is an important market segment for mobile commerce. In addition, travelers face issues with currency differences, exchange services and other impediments that make mobile payment an attractive option to traditional commerce.

This report evaluates mobile commerce for unbanked, low credit, or no credit users. The report analyzes the market challenges and includes two case studies for developed and developing markets. The report analyzes mobile commerce companies involved in each market and banking solutions with a SWOT analysis for each mobile payment solution. The report also evaluates the future trends for mobile payment solutions for unbanked and under-banked populations.

GLOBAL M-COMMERCE SERVICE USERS FORECAST BY SEGMENT

GLOBAL M-COMMERCE SERVICE REVENUE FORECAST BY SEGMENT

GLOBAL UNBANKED POPULATION FORECAST

GLOBAL M-COMMERCE SERVICE REVENUE FORECAST BY REGION

-Mobile commerce companies

-Financial institutions of all types

-Wireless infrastructure providers

-Commerce application companies

THE MARKET SEGMENT WITHOUT A BANK 5

HIGH COSTS 6

CONVENIENCE 6

NEED TO INSTANT FUNDING 6

LACK OF KNOWLEDGE 6

IDENTIFICATION REQUIREMENTS 6

BAD BANKING HISTORY 6

OVERALL PERCEPTIONS OF BANKING 6

MOBILE PAYMENT MODELS 6

OPERATOR-CENTRIC MODEL 6

BANK-CENTRIC MODEL: 6

PEER-TO-PEER MODEL: 7

COLLABORATION MODEL: 7

MOBILE PAYMENT METHODS 7

PREMIUM SMS BASED TRANSACTIONAL PAYMENTS 7

DIRECT MOBILE BILLING 7

MOBILE WEB PAYMENTS 8

CONTACTLESS (NFC) 8

UNBANKED / UNDERBANKED POPULATION 9

UNBANKED POPULATION 9

UNDERBANKED POPULATION 9

CHALLENGES WITH MOBILE PAYMENT FOR UNBANKED 10

ECONOMIC CHALLENGES 10

MULTIPLE-NATIONALITIES NATIONS 10

BANKING ACCOUNT IS A MUST 10

COST 10

SECURITY 10

CASE STUDY: MOBILE PAYMENT FOR UNBANKED IN USA 12

OVERVIEW 12

UNBANKED/UNDERBANKED POPULATION IN UNITED STATES 13

LOW-INCOME POPULATION 13

UNEMPLOYED POPULATION 14

UNDER-EDUCATED POPULATION 14

UNITED STATES UNBANKED POPULATION MARKET 15

POPULAR MOBILE PAYMENT SOLUTIONS FOR UNBANKED 16

PRECASH 16

PAYPAL & MONEYGRAM 19

BOOM MOBILE PAYMENT FROM M-VIA 20

CASE STUDY: MOBILE PAYMENTS IN KENYA 22

OVERVIEW 22

NON-¬CASH PAYMENT OPTIONS IN KENYA 23

MOBILE PAYMENT SOLUTIONS FOR UNBANKED IN KENYA 24

M-PESA 24

ALTERNATIVES TO M-PESA IN KENYA 24

REASONS FOR SUCCESS OF M-PESA 25

FUTURE OF MOBILE PAYMENTS FOR UNBANKED/UNDERBANKED 26

FASTER SERVICE 26

MORE SERVICES ESPECIALLY FOR TRAVELLERS 26

REPLACEMENT OF TRADITIONAL CREDIT CARDS 26

ALTERNATIVES TO BANKING: INDEPENDENT BI-LATERAL PAYMENT PROCESSING 26

PAYMENTS MARKET AND FORECASTS 28

MOBILE PAYMENTS MARKET 28

GLOBAL PAYMENT MARKET FORECAST BY REGION 29

GLOBAL M-COMMERCE SERVICE USERS FORECAST BY SEGMENT 31

GLOBAL M-COMMERCE SERVICE REVENUE FORECAST BY SEGMENT 32

GLOBAL UNBANKED POPULATION FORECAST 33

GLOBAL M-COMMERCE SERVICE REVENUE FORECAST BY REGION 33

APPENDIX 35

FOUNDATIONS AND MOTIVATIONS FOR MOBILE BANKING 35

INTRODUCTION TO ELECTRONIC PAYMENT SYSTEMS 42

To order this report:Payment_Processing Industry: Mobile Payments: The Market for Travelers, Unbanked, and No/Low Credit Users

Nicolas Bombourg

Reportlinker

Email: [email protected]

US: (805)652-2626

Intl: +1 805-652-2626

SOURCE Reportlinker

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