future of mobile payments - conference keynote speaker
DESCRIPTION
How mobile payments will impact future of banks, banking, back end payment processing, credit card transactions and retail customer spending. Smartphones using encryption and biometrics will enable telecom companies to compete with banks and credit card companies for retail payment transactions. Expect wireless payments using smartphones to grow rapidly. Despite this, some customers will continue to prefer cash because it allows anonymous purchases and is convenient for smaller purchases. Mobile payments could generate commissions of up to EU2 billion a year in countries like France, Germany, Italy and the UK. What would happen if -- say -- Vodafone formed a partnership with Google, Nokia and American Express? Implications for financial services, small loans, large ticket purchases of white goods, cars and other big items. Future of banking and financial services.TRANSCRIPT
Dr Patrick Dixon Chairman Global Change Ltd
Take Hold of Your Connected FutureThe future of mobile payments
Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most
influential business thinkers alive today (Thinkers 50)
Future of Mobile Payments - Keynote for Global Connect (2012)
500 videos of keynoteswww.youtube.com/pjvdixon
over 4 million views
www.globalchange.com14 million unique visitors
Wild Cards: Risk Management
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The future is about
Text
The future is about
EMOTION
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80% lost in 20 seconds
Faster online delivery : 6pm 10am or same day
1 billion children cities
Middle Class --> high end mobiles: 300m India -
Europe Dying
4 couples needed to produce just one
great-grandchild
18 million children in Turkey will be adults in next 15 years
Vodafone Mastercard Sprint
Vamoosle
UK Card market in 2011
•TransacAons > EU 650 billion pa •Credit card debt > EU 65bn•Average card interest rate 16%•2% commissions worth EU 14bn
Free mobile devicescalls / web / TV / games / pay
2010 2013 2015
Data
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•PayPal -‐ $141m to $4bn from 2009-‐11
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• M-‐Pesa -‐ Kenya -‐ 15m people -‐ $9bn pa
• EU 60-‐100 bn pa spent processing in EU
> 200 million mobile payments in 2012 > $160bn
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45But cash will continue to be popular...
• Zettabyte = 1024 ExabytesExabyte = 1024 PetabytesPetabyte = 1024 TerabytesTerabytes = 1024 Gigabytes That's a data explosion of 44x in
Data
• Zettabyte = 1024 ExabytesExabyte = 1024 PetabytesPetabyte = 1024 TerabytesTerabytes = 1024 Gigabytes That's a data explosion of 44x in
What does the Datamean for you and
customers?
Rich Media
US online video ad spending to grow 43.1% in 2012
Home QR
evening is best time for Twitter reads
Future Search:Why had to
change
social networks just in time
1 trillionpages a month
Vote for Great Content: +++ Democratic Drive
33% in UK don’t watch live TV
95% EU bandwidth soon video
Data revenue Kenya > SMS
Pricing models broken in many naOons
Some users in France > 30 gig in days
PAYMENTEcosystem
• Home
• Work
• Online
• Offline
• Sales
• Entertain
• Phone
• Mobile
• Chat
• Social web
• Mobile
• TV / video
• Billing
ONECUSTOMER
•Individuals•Family•Community•Wide World
Making Life Better
Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most
influential business thinkers alive today (Thinkers 50)
Future of Mobile Payments - Keynote for Global Connect (2012)
500 videos of keynoteswww.youtube.com/pjvdixon
over 4 million views
www.globalchange.com14 million unique visitors