China’s mobile subscriber base exceeded 400 million in 2006 and is expected to reach 600 million by the end of 2007. China’s massive market presents tremendous opportunities for operators, device manufacturers and content providers. According to the article at BusinessWeek.com, SMS text messaging continues to dominate the market. But the future looks better with new mobile applications such as 2D barcodes and NFC most likely emerging from China’s much more advanced mobile phone market. Even yet, the practical use of 2D barcodes and NFC payments will take a while to emerge due to “fragmentation of the technology and phone platforms, and complications in the business model,” according to Sandy Shen, China research director at Gartner. ![[end]](/resources/bullet/contactlessnews-4.gif)
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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.” According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem. read more »Visa, in partnership with Monitise, has launched a suite of new mobile financial services on its revamped Debit Processing Service platform, enabling mobile phone users to check their account history and balances, transfer funds between accounts, and receive real-time transaction alerts. read more »The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers. read more »CoVantage Credit Union (CVCU) announced the availability of Tyfone’s mobile wallet services throughout its branches in Wisconsin and Michigan. Some 64,000 CVCU members can now use Tyfone’s mobile banking services, which include balance checking, account history review, fund transfers, branch and ATM location look-up, as well as several new features: read more »Turkcell, Turkey’s largest mobile operator, has announced the launch of a SIM-based NFC road toll payment application on the Turkcell T11 smart phone. Developed in collaboration with Bank Asya, the app allows users to migrate their plastic KGS toll payment cards onto their T11 smart phone to pay for fares when crossing bridges and freeway turnpikes. read more »United Arab Emirates (UAE) travelers prefer making payments via mobile rather than using cash or credit card, according to a recent survey commissioned by travel technology and transaction processor Amadeus. read more » |
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