june virtual series: the future of money

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All Information contained within this presentation is confidential 1 WELCOME! Digital Moguls was by Kristin Bolton-Keys in 2011, when a group of marketers at a Fortune 500 company were determined to expand their digital knowledge. Over time, the group held several classroom style learning sessions covering: Digital Marketing 101, Blogging 101, SEO 101 and Takeaways from the 2012 SXSW Interactive Conference. Digital Moguls serves as a content hub providing innovative, intuitive and inspirational content for those seeking to share their knowledge and learn about digital technology and trends. Ultimately connecting people who want to learn, share and create digital experiences.

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Sheila Collins discusses the new frontier for mobile commerce

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Page 1: June Virtual Series: The Future of Money

All Information contained within this presentation is confidential 1

WELCOME!

Digital Moguls was by Kristin Bolton-Keys in 2011, when a group of marketers at a Fortune 500 company were determined to

expand their digital knowledge. Over time, the group held several classroom style learning sessions covering: Digital Marketing 101, Blogging 101, SEO

101 and Takeaways from the 2012 SXSW Interactive Conference.

Digital Moguls serves as a content hub providing innovative, intuitive and inspirational content for those seeking to share their knowledge and learn

about digital technology and trends. Ultimately connecting people who want to learn, share and create digital experiences.

Page 2: June Virtual Series: The Future of Money

All Information contained within this presentation is confidential

The Future of Money The new frontier for eCommerce

Sheila Collins

“THE Mobile Moola MARKETER”

June 19, 2012

Twitter: @sheiladcollins Brought to you by:

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All Information contained within this presentation is confidential

Agenda

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> Mobile Landscape & Trends

> Money 2.0

> Mobile Shopping

> Case Study

> Questions ???

> Takeaways

Tweet questions to #digitalmoguls

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All Information contained within this presentation is confidential

Mobile Trends

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•  There are 6.8 billion people on the planet. 4.5 billion own a mobile phone. Only 3.5 billion own a toothbrush (Source:60SecondMarketer.com)

•  By 2013, more people will access the web from phones than personal computers. (Gartner Group)

•  Consumers will spend more than $10 billion on non-digital goods in the US on their mobile phones in 2012. (Forrester)

Share these facts on Twitter by referencing @sheiladcollins #digitalmoguls

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Offline Online

Mobile Channel

1.  Simplicity

- Suited for frequent tasks, that require just a few steps

2.  Immediacy

- It’s on 24x7, well suited for delivering content that matters to consumers, when it matters to consumers

3.  Context

- Leverage mobile to influence purchase/redemption decisions , i.e using GPS for store location, local deals

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Mobile Channel

Example QR bar codes to drive to mobile to obtain additional information, comparison shop, and redeem

Mobile blends the online world with the offline world. It’s a personal communication and transaction platform.

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All Information contained within this presentation is confidential

Money 2.0

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The evolution of smartphones has expanded the role of payment models .

4 mobile models

Bar code

Prepaid Peer to Peer

Virtual Currency

Loyalty Points Phone #

http://mashable.com/2012/05/02/future-of-mobile-payments/

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All Information contained within this presentation is confidential

Who to Watch

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Several companies are leading the charge in Mobile Payments

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Barriers of Money 2.0

8 (1)  The Forrester Report on Mobile Shopping (U.S. Edition 2010) - Published Jan 2011

Emerging solutions for Mobile Payment s are all at different stages

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All Information contained within this presentation is confidential

Mobile Payments Readiness Index

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Mobile Shopping

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•  Mobile coupons generate 10 times the redemption rate of traditional coupons (Source: Borrell Associates) •  Google has seen mobile searches grow by more than 400% over the past year (Source: Google) • Research indicates that if someone leaves home without their wallet, they keep going. If they leave without the mobile device, they turn around (Source: 60SecondMarketer.com)

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All Information contained within this presentation is confidential

Smart Shoppers

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A (short) Perspective on Airtel Money.

Mobile Payments in India

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All Information contained within this presentation is confidential

Mobile Payments in India

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Bharti Airtel •  Cellular, Internet, and Television services •  Over 20 countries throughout South Asia and Africa •  250M Customers (Verizon, AT&T, Sprint combined) •  175 Million mobile customers in India(20% of market)

Page 14: June Virtual Series: The Future of Money

All Information contained within this presentation is confidential 14

Mobile Payments in India

February 2012: Bharti launched “Airtel Money”, prepaid mobile money product throughout India

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Mobile Payments in India

Three major customer segments…

Urban Professional

College Student

Migrant Worker

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Mobile Payments in India

Mobile Money Challenges:

Education •  How do you educate customers on using money

money and the product benefits? Scale •  How do you effectively reach 1.2B people? Security •  How do you not support terrorism?

Purchase Power •  Who is accepting Mobile payments?

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All Information contained within this presentation is confidential

Starbucks The mCommerce Opportunity

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Value Creation Connected Commerce 26 Million Transactions*

Starbucks Mobile Payment

•  Premium product •  Daily transactions •  Cool factor •  Close loop

* December 2011 – Annual transactions

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Takeaways My Concepts for Mobile

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Social + Mobile + Commerce =

Buy Build Bond

Value Creation Connected Commerce Purchasing Power

The 3 B’s of Mobile

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The Mobile Moola Marketer’s Predictions

§  eWallets will provide consumers with dynamic real time offers

§  Self service mobile checkout will be more rampant

§  Black Friday and Cyber Monday the two biggest shopping days of the year will be one in the same in 5 years

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§  We will become a cashless society in

~ 20 years. §  ????

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All Information contained within this presentation is confidential

Sheila Collins

The Mobile Moola Marketer

@sheiladcollins www.about.me/sheilacollins

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All Information contained within this presentation is confidential

APPENDIX

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References

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•  http://techcrunch.com/2012/06/10/mobile-payments-a-trillion-dollar-industry-once-everyone-can-actually-make-a-payment/

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Mobile Payments Wiki Definition

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Mobile Payments Future

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Technology Comparison

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Mobile Payments Adoption

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•  SapientNitro expects shipment of NFC enabled phones to reach 544.7 Million by 2015

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Online Shopping Business Model

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1.  Advertisement & Blogs (Tech Crunch, Search, Email, social media)

2.  Social Actions (Tweet, “I like”)

3.  Search ( Google, Bing, Wiki)

4.  Online Reviews ( Yelp, Amazon, CNET)

5.  Comparison (ShopSavvy, Shopbot)

6.  eWallet (Billeo, Paypal)

7.  Social Media (“Like” button Facebook, Blogs)

8.  Online Reviews

Social Opportunity