Over the last decade mobile payments have started to become a reality in many markets. According to the TM Forum, depending on the conditions of the market communications service providers operate in, different value chains and opportunities can present themselves. Below are excerpts from TM Forum’s Quick Insights Report, “Mobile Money in Action: Exploring the Value Chain” which covers markets ranging from M-PESA in Kenya to the Google Wallet in the United States.
M-PESA in Kenya
A new report from Juniper Research has found that the number of tickets delivered to mobile phones worldwide will more than quadruple to 23 billion by 2016, compared with 4 billion tickets estimated to have been delivered during 2011.
Cloud security startup CloudPassage has raised $14 million in second-round funding, with an aim of helping businesses like Foursquare, StrongMail, and others secure their data in the cloud, the company announced Wednesday.
Cinterion, a provider of cellular machine-to-machine (M2M) communication modules, announced on Wednesday that its M2M technology is powering Deutsche Bahn’s new passenger information system. Deutsche Bahn, a railway network operator in Germany, is implementing Cinterion’s system in train stations across the country to deliver up-to-the-minute information on departures and delays.
Numerex Corp, a provider of machine-to-machine (M2M) products and services, last week unveiled its new Location-Based Services (LBS) platform, which provides enterprises with services for monitoring, tracking and recovering a variety of mobile assets.
Redline Communications Group Inc., a provider of broadband wireless solutions for machine-to-machine (M2M) communications, on Monday announced the launch of a larger, second phase of a major wireless project for Shell Oil joint venture Petroleum Development Oman LLC (PDO). This expansion, which follows the successful deployment of a wireless infrastructure network supporting over 2000 wells, has now been expanded to cover the remaining 3000 wells.
According to new a research report from the analyst firm Berg Insight, the global number of mobile network connections used for wireless machine-to-machine (M2M) communication increased by 37% in 2011 to reach 108.0 million.
Recent reports from well-known analysts in the machine-to-machine communications (M2M) sector, as well as the Chinese government, all point to one inevitable conclusion – the People’s Republic of China may already be the biggest national player in M2M, and is poised to get much bigger in a hurry. Some of the recent market highlights reported include:
Last week, the Australian government announced its decision to ban Huawei Technologies from bidding for contracts in Australia’s $38 billion broadband project due to undefined security concerns.
Bump Pay is a new app for person-to-person mobile payments developed by Bump, the makers of the app of the same name that allows the instant transfer of contact information and photos.
"You type in the amount you want to send, you bump your phones together and you'll be immediately taken to the PayPal confirmation page," explained David Lieb, the co-founder and CEO of Bump.