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Mobile Payment (mPayment) Market Report 2013-2023

The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money

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Contents

1.1 Formation of a New Ecosystem

1.2 Early Growth in Developed Markets

1.3 Evolution over Time

1.4 Value Propositions of mPayment

1.5 The Key Points Emerged from this Research

1.6 The Aims of the Report

1.7 The Structure of the Report

1.8 Methodology

1.9 Market Definition

2.1 Broad Definition of mPayments

2.1.1 What Distinguishes mPayment from m-commerce?

2.2 mPayment Proliferation and its Agents

2.3 Industry Fragmentation: Explaining the Disparities in mPayment Methods and Adoption

2.4 Common Delivery Methods

2.5 Players in the mPayment Value Chain and Ecosystem

2.5.1 Function of Each Entity in the mPayment Value Chain

2.5.1.1 Merchants

2.5.1.2 Acquirers

2.5.1.3 Payment Networks

2.5.1.4 Issuers

2.5.1.5 M-Wallet/Stored Value Account or Customers’ Mobile Phone

2.6 Business Models in Practice for MPayments

2.6.1 The Carrier Dominance Model Value Chain

2.6.1.1 The Carrier Dominance Model Value Chain

2.6.1.2 Carrier Dominance Model Business Case

2.6.2 Peer-to-Peer Model

2.6.2.1 The Peer to Peer Model Value System

2.6.2.2 The Peer to Peer Model Value Chain

2.6.2.3 Peer to Peer Model Business Case

2.6.3 Bank Dominance Business Model

2.6.3.1 The Bank Dominance Model Value System

2. Introduction to Mobile Payments

1. Executive Summary

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Contents 2.6.3.2 The Bank Dominance Model Value Chain

2.6.3.3 Bank Dominance Model Business Case

2.6.4 Collaboration Business Model

2.6.4.1 The Collaboration Model Value Chain

2.6.4.2 Collaboration Model Business Case

2.7 MPayment Technologies

3.1 Global Mobile Payment Market Transaction Forecast 2013-2018

3.2 Global Mobile Payment Service Revenue Forecast 2013-2023

3.2.1 Defining Progressive Revenue Growth

3.3 Global Mobile Payment User Forecast 2013-2023

4.1 The North American mPayment Market: Benefits of Existing Banking Competencies, High-Income, and

Technological Savvy

4.1.1 North American mPayment Market Forecast 2013-2023

4.1.1.1 US and Canadian Regional Transaction and Revenue Share Forecast 2013-2023

4.1.2 North American mPayment User Forecast 2013-2023

4.1.3 The US National mPayment Market

4.1.3.1 The US National mPayment Market Forecast 2013-2023

4.1.3.2 The US National mPayment User Forecast 2013-2023

4.1.4 The Canadian National mPayment Market

4.1.4.1 Canadian National mPayment Market Forecast 2013-2023

4.1.4.2 Canadian National mPayment User Forecast 2013-2023

4.2 Latin America’s mPayment Market: Slow Start and Low Adoption

4.2.1 Latin American mPayment Market Forecast 2013-2023

4.2.2 Latin American mPayment User Forecast 2013-2023

4.3 The mPayment Market of Asia-Pacific

4.3.1 Asia-Pacific mPayment Market Forecast 2013-2023

4.3.2 Asia-Pacific mPayment User Forecast 2013-2023

4.3.3 Overview of Asia-Pacific’s Leading National mPayment Markets

4. Regional and Leading National Mobile Payment Market Forecasts

2013-2018

3. Global Mobile Payment Market Forecasts and Projections 2013-2018

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Contents 4.3.4 The Chinese National mPayment Market: Reliance on Popular Adoption and High Mobile Phone Base

4.3.4.1 The Role of Chinese Banks and Mobile Operators

4.3.4.2 Chinese National mPayment Market Forecast 2013-2023

4.3.4.3 Chinese National mPayment User Forecast 2013-2023

4.3.5 The Japanese mPayment Market: Early Dividends based on an Advanced, Widespread Payment Network

4.3.5.1 Light Integration of Japanese Banks

4.3.5.2 Japanese mPayment Market Forecast 2013-2023

4.3.5.3 Japanese National mPayment User Forecast 2013-2023

4.3.6 The mPayment Market of Korea

4.3.6.1 Korean National mPayment Market Forecast 2013-2023

4.3.6.2 Korean National mPayment User Forecast 2013-2023

4.3.7 The Singaporean mPayment Market

4.3.7.1 Singapore’s Unique Characteristics and Generalisation of Trends

4.3.7.2 Singaporean National mPayment Market Forecast 2013-2023

4.3.7.3 Singaporean National mPayment User Forecast 2013-2023

4.3.8 The Indian National mPayment Market

4.3.8.1 Impact of a Large Operator Base and Mobile Spend

4.3.8.2 What are India’s Prevailing Attitudes and Leanings towards Payment?

4.3.8.3 Indian National mPayment Market Forecast 2013-2023

4.3.8.4 Indian National mPayment User Forecast 2013-2023

4.4 The mPayment Market of Europe

4.4.1 European mPayment Market Forecast 2013-2023

4.4.2 European mPayment User Forecast 2012-2023

4.5 The mPayment Markets of the Middle East and Africa

4.5.1 MEA mPayment Market Forecast 2013-2023

4.5.2 MEA mPayment User Forecast 2013-2023

4.5.3 The Kenyan mPayment Market: An Anomaly and Benchmark in the African Continent

4.5.3.1 M-Pesa’s Abounding Success

4.5.3.2 Kenyan mPayment Market Forecast 2013-2023

4.5.3.3 Kenyan mPayment User Forecast 2013-2023

4.5.4 The Nigerian mPayment Market

4.5.4.1 Nigerian National mPayment Market Forecast 2013-2023

4.5.4.2 Nigerian National mPayment User Forecast 2013-2023

4.5.5 MPayments in the United Arab Emirates

4.5.5.1 Existing Partnerships and Building a Future

4.5.5.2 UAE National mPayment Market Forecast 2013-2023

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Contents 4.5.5.3 UAE National mPayment User Forecast 2013-2023

5.1 eBay

5.1.1 PayPal Mobile

5.1.2 Zong

5.1.3 Braintree

5.1.4 Venmo

5.2 Boku

5.3 Payfone

5.3.1 ‘1 Touch Checkout’

5.4 Apple Passbook

5.5 Google Wallet

5.6 HSBC Bringing Mobile Payment to a Global Base

5.7 Barclays Focusing on Reach and Simplicity

5.7.1 Linking Money to CTNs

5.7.2 Pursuing the Whole Market

5.8 mFoundry Delivers Value by Merging mPayments and Mobile Banking

5.8.1 Partnership with Starbucks

5.8.2 Connecting with MasterPass

5.8.3 mPayment Features Geared Towards Retailers

5.9 Obopay

5.10 VeriFone

5.11 UMPay China

5.12 PayMate India

5.12.1 PayMate Wallet

5.13 Globe GCash Philippines

5.14 Mobile Suica Japan

6.1 Linda Mantia, Executive Vice-President – Cards and Payment Solutions; Royal Bank of Canada

6.1.1 Canada’s Early Prominence in the mPayment Market

6.1.2 RBC’s Secure Cloud

6.1.3 Mobile Partnerships: Building Towards Universal mPayment

6. Expert Opinion

5. Leading mPayment Companies

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Contents 6.1.4 Explaining NFC’s Slow Start and Possible Reinvigoration

6.1.5 How Can mPayments Remain Secure?

6.1.6 Offering Value as mPayment Adoption and Options Increase

6.1.7 Paths to mPayment Ubiquity

8.1 The Global Mobile Payment Market Forecast 2013-2023

8.1.1 Global Mobile Payments Transaction Value Forecast 2013-2023

8.1.2 Global Mobile Payment Revenue Forecast 2013-2023

8.2 Global Mobile Payment Subscriber Forecast 2013-2023

8.3 Leading National Mobile Payment Markets

8.4 Determinants of mPayment Success

8.5 Recommendations for an Evolving Payments Future

Chart 3.1: Global mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 3.2: Global mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 3.3: Global mPayment Revenue Percentage of Transaction Forecast 2013-2023 (%)

Chart 3.4: Global mPayment User Forecast 2013-2023 (millions, AGR %)

Chart 4.1: Major World Regions mPayment Transaction Value Per Capita Forecast 2013-2023 ($)

Chart 4.2: Major World Regions mPayment Revenue Per Capita Forecast 2013-2023 ($)

Chart 4.3: Major World Regions mPayment Penetration Forecast 2013-2023 (%)

Chart 4.4: Internet, Smartphone, and Mobile Broadband Penetration in North America 2013 (%)

Chart 4.5: North American mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.6: North American mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.7: North American mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.8:North American mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

List of Charts in this Report

Glossary

8. Conclusions

7. SWOT Analysis of the Mobile Payment Market

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Contents Chart 4.9: US and Canada mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.10: US and Canada mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.11: North American mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.12: North American mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.13: US and Canada mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.14: US mPayment User Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.15: US mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.16: US mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.17: US mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.18: US mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.19: US mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.20: Canadian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.21: Canadian mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.22: Canadian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.23: Canadian mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.24: Canadian mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.25: Canadian mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.26: Latin American mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.27: Latin American mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.28: Latin American mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.14: Latin American mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.30: Latin American mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.31: Latin American mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.32: APAC Leading mPayment Markets Transaction Value Share Forecast 2013-2023 (%)

Chart 4.33: APAC Leading mPayment Markets Revenue Share Forecast 2013-2023 (%)

Chart 4.34: APAC Leading mPayment Markets User Share Forecast 2013-2023 (%)

Chart 4.35: Asia-Pacific mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.36: Asia-Pacific mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.37: APAC mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.38: APAC mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.39: APAC mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.40: APAC mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.41: APAC Leading National mPayment Markets Transaction Value Forecast 2013-2023 ($ billion)

Chart 4.42: APAC Leading National mPayment Markets Revenue Forecast 2013-2023 ($ billion)

Chart 4.43: APAC Leading National mPayment Markets Cumulative User Forecast 2013-2023 (millions)

Chart 4.44: Chinese mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

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Contents Chart 4.45: Chinese mPayment Transaction Value Market Forecast 2013; 2018; 2023 (%)

Chart 4.46: Chinese mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.47: Chinese mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.48: Chinese mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.49: Chinese mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.50: Japanese mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.51: Japanese mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.52: Japanese mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.53: Japanese mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.54: Japanese mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.55: Japanese mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.56: Korean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.57: Korean mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.58: Korean mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.59: Korean mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.60: Korean mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.61: Korean mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.62: Singaporean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.63: Singaporean mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.64: Singaporean mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.65: Singaporean mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.66: Singaporean mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.67: Singaporean mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.68: Indian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.69: Indian mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.70: Indian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.71: Indian mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.72: Indian mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.73: Indian mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.74: European mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.75: European mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.76: European mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.77: European mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.78: European mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.79: European mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.80: MEA mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

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Contents Chart 4.81: MEA mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.82: MEA mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.83: MEA mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.84: MEA mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.85: MEA mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.86: Kenyan mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.87: Kenyan mPayment Transaction Value Share Market Forecast 2013; 2018; 2023 (%)

Chart 4.88: Kenyan mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.89: Kenyan mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.90: Kenyan mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.91: Kenyan mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.92: Nigerian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.93: Nigerian mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.94: Nigerian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.95: Nigerian mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.96: Nigerian mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.97: Nigerian mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 4.98: UAE mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Chart 4.99: UAE mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%)

Chart 4.100: UAE mPayment Revenue Forecast 2013-2023 ($ billion, AGR %)

Chart 4.101: UAE mPayment Revenue Share Forecast 2013; 2018; 2023 (%)

Chart 4.102: UAE mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Chart 4.103: UAE mPayment User Share Forecast 2013; 2018; 2023 (%)

Chart 8.1: Regional mPayment Transaction Value Share 2013-2023 ($ billion)

Chart 8.2: Regional mPayment Revenue Share Forecast 2013-2023 (%)

Chart 8.3: Regional mPayment User Share Forecast 2013-2023 (%)

Figure 2.1: Relationship between mPayment and m-commerce

Figure 2.2: mPayment Value Chain

Figure 2.3: Processes in the mPayment Value Chain

Figure 2.4: Advantages and Benefits of mPayment Value Chain Players

Figure 2.5: mPayment Organisational Model Hierarchy

Figure 2.6: mPayment Model Stakeholder Involvement Rubric

Figure 2.7: The Carrier Dominance mPayment Model

List of Figures in this Report

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Contents Figure 2.8: Carrier Dominance mPayment Operational Overview

Figure 2.9: Peer-to-Peer mPayment Operational Overview

Figure 2.10: Bank Dominance Value Chain

Figure 2.11: Bank Dominance Model Operational Overview

Figure 2.12: Collaborative mPayment Model Operational Overview

Figure 5.1: Countries where HSBC has Operations

Table 2.1: Causes for Fragmentation in the mPayment Industry

Table 2.2: mPayment Organisational Models

Table 2.3: Carrier Dominance Business Case

Table 2.4: Peer-to-Peer mPayment Model Business Case

Table 2.5: Bank Dominance mPayment Model Business Case

Table 2.6: mPayment Delivery Technologies

Table 3.1: Global mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 3.2: Global mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 3.3: Global mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.1: Major World Regions mPayment Transaction Value Per Capita Forecast 2013-2023 ($)

Table 4.2: Major World Regions mPayment Revenue Per Capita Forecast 2013-2023 ($)

Table 4.3: Major World Regions mPayment Penetration Forecast 2013-2023 (%)

Table 4.4: North American mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %,

Cumulative)

Table 4.5: North American mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.6: North American mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.7: US mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.8: US mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.9: US mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.10: Canadian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.11: Canadian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.12: Canadian mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.13: Latin American mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %,

Cumulative)

Table 4.14: Latin American mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.15: Latin American mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %,

Cumulative)

List of Tables in this Report

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Contents Table 4.16: Asia-Pacific mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.17: APAC mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.18: APAC mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.19: Chinese mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.20: Chinese mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.21: Chinese mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.22: Japanese mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.23: Japanese mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.24: Japanese mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.25: Korean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.26: Korean mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.27: Korean mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.28: Selected SingTel Operations and Positioning for Quad Play

Table 4.29: Singaporean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %,

Cumulative)

Table 4.30: Singaporean mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.31: Singaporean mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.31: Indian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.32: Indian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.33: Indian mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.34: European mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.35: European mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.36: European mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.37: MEA mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.38: MEA mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.39: MEA mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.40: Kenyan mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.41: Kenyan mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.42: Kenyan mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.43: Nigerian mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.44: Nigerian mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.45: Nigerian mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 4.46: UAE mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.47: UAE mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 4.48: UAE mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 7.1: SWOT Analysis of the Global Mobile Payment Market 2013-2018

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Contents Table 8.1: Regional mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 8.2: Global mPayment Revenue Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

Table 8.3: Global mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

Table 8.4: Leading National mPayment Transaction Value Forecast 2013-2018 ($ bn,% Share, AGR%)

Table 8.5: Leading National mPayment Markets Revenue Forecast 2013-2018 ($ bn,% Share, AGR%)

Table 8.6: Leading National mPayment Markets Cumulative User Forecast 2013-2018 (millions,% Share, AGR%)

Table 8.7: Causes for Fragmentation in the mPayment Industry

ABN Amro

Airbnb

Alliance and Leicester

Amazon

American Express

Apple

Autsun

Boku

Braintree

Canara Bank

Corporation Bank

Crucialtec

Danal

DCMX

du

EA

eBay

Echovox

Edy’s

Etisalat

Facebook

Fast Identity Online

First Direct

Foursquare

FundRazr

Futurebazaar

Companies Mentioned in this Report

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Contents Globe GCash

Globe Telecom

Google

Hana Bank

HDFC

HSBC

IBK

India Times

Indiaplaza

KDDI Corporation

Kookmin Bank

KT Corporation

MasterCard

mFoundry

Monetise

M-Pesa

NatWest

NTT DoCoMo

O2

Obopay

Open Table

Opus Capital

Osaifu Keitai

Payfone

PayMate

PayPal

Perfect World International

Playdom

Playfish

RBS

Rediff

RIM

Rogers

Royal Bank of Canada

RRE Ventures

Safaricom

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Contents Samsung

Serve

Shinhan Bank

Sify

SingTel

SK Telecom

Sony

Sprint

Standard Chartered

Starbucks

Touch Mobile

TQ Digital Entertainment

Twitter

Ulster Bank

UMPay

Venmo

VeriFone

Verizon Wireless

Visa

Zong

Zoosk

Central Bank of Nigeria

European Union

GSMA

Japan Rail

UAE Central Bank

World Bank

Organisations Mentioned in this Report

Page 90

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Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money

Chart 4.56: Korean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %)

Source: visiongain, 2013

Table 4.25: Korean mPayment Transaction Value Forecast 2013-2023 ($ billion, AGR %, CAGR %, Cumulative)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Transaction Value ($ bn)

6.9 8.3 14.0 18.6 24.4 30.3 35.6 42.7 52.2 56.4 64.9

AGR (%) - 20.5 69.9 32.6 31.3 24.3 17.3 19.9 22.2 8.0 15.1

Cumulative 354.3 CAGR (%) 2013-18 34.7 2018-23 16.4

CAGR (%) 2013-23 25.2

Source: visiongain, 2013

Chart 4.57: Korean mPayment Transaction Value Share Forecast 2013; 2018; 2023 (%) 2013 2018 2023

Source: visiongain, 2013

6.9 8.3 14.0

18.6 24.4

30.3 35.6

42.7

52.2 56.4

64.9

20.5%

69.9%

32.6%

31.3% 24.3%

17.3% 19.9% 22.2%

8.0% 15.1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

0

10

20

30

40

50

60

70

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

AGR

%

Tran

sact

ion

valu

e ($

bill

ion)

Transaction value AGR %

2.7% 2.9% 2.4%

Page 114

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Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money

Chart 4.84: MEA mPayment Cumulative User Forecast 2013-2023 (millions, AGR %)

Source: visiongain, 2013

Table 4.39: MEA mPayment Cumulative User Forecast 2013-2023 (million, AGR %, CAGR %, Cumulative)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Users (M) 79.2 88.9 141.4 170.4 220.4 242.8 334.4 453.5 600.1 831.3 926.1

AGR (%) - 12.2 59.1 20.5 29.3 10.2 37.8 35.6 32.3 38.5 11.4

Cumulative 846.9 CAGR (%) 2013-18 25.1 2018-23 30.7

CAGR (%) 2013-23 27.9

Source: visiongain, 2013

Chart 4.85: MEA mPayment User Share Forecast 2013; 2018; 2023 (%) 2013 2018 2023

Source: visiongain, 2013

79.2 88.9 141.4 170.4

220.4 242.8 334.4

453.5

600.1

831.3 926.1

12.2%

59.1%

20.5%

29.3%

10.2%

37.8% 35.6%

32.3% 38.5%

11.4%

-10%

0%

10%

20%

30%

40%

50%

60%

0100200300400500600700800900

1,000

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

AGR

%

Use

rs (m

illio

ns)

Users AGR %

27.8%

15.4% 26.4

%

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Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money

5. Leading mPayment Companies While there are some truly global brands for mPayment, many of the important players operate at a

national or regional level. Since mPayment standards are few, a limited scope of operation reduces

time-to-market and allows mPayment providers to focus on their core competences in a familiar

environment.

5.1 eBay Ebay is a US-based e-commerce giant specialising in online auctions. Because its business is

geared towards site users making online payments, eBay has acquired a number of mPayment

platforms to create a more stable user experience.

In efforts to maximise its profits on the mPayment market, eBay is targeting a variety of business

models and submarkets with its acquisitions.

5.1.1 PayPal Mobile Paypal Mobile is an mPayments service offered by eBay’s wholly-owned subsidiary PayPal (which,

in 2013, accounts for 40% of eBay revenue). The company, which counts 120 million users

worldwide, offers P2P mobile payments between friends or merchants and also provides facilities

for online shopping on eBay through mobile phones.

The mobile payment volume on PayPal Mobile has been increasing significantly in the last two

years. On Black Friday (a pre-holiday period shopping day in the US) and Thanksgiving 2011,

Paypal Mobile usage increased by over 500% YoY. In 2012, Paypal processed over $14 billion in

mobile payments alone, which place it, in terms of the transactional value carried over its servers,

on the same level as some leading national markets.

PayPal has been bringing about many new innovations in their Google Android and Apple

applications. In May 2011, PayPal Mobile launched their checkmate service in the US. The service

lets consumers transfer or deposit their cheques by simply taking a photo of the cheque. The

money gets added to their PayPal account, with the ability to let users store the app on Android’s

removable SD card.

PayPal mobile also launched their new fundraising application called the FundRazr. The PayPal

Mobile for iPhone app launched a FundRazr function, which allows consumers to create and

manage campaigns to raise money for their favourite causes. Fully integrated with Facebook, the

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Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money

vouchers, discounts, promotions, and marketing efforts. The platform is centrally managed in the

cloud and can be accessed remotely.

VeriFone is a leading payment solutions provider for US retailers. Over one million NFC-capable

VeriFone MX Solutions systems have been deployed in the US, encompassing 70% of the top 200

retail companies. VeriFone NFC solutions span multiple POS environments from small to large

retailers, including major retail outlets, grocery stores, gas pumps, convenience stores, taxis,

restaurants, mobile merchants, and self-service kiosks.

5.11 UMPay China Founded in 2003, Union Mobile Pay (UMPay) is a joint-venture between China Mobile, the

country’s largest operator, and China UnionPay, China’s only inter-bank fund-transfer network.

Focused on mobile payments and with the support of two industry giants, UMPay has direct

access to capital and technology resources to grow its business in China’s payment market. The

company has over half a billion registered users and annual transaction value exceeds $9 billion

US, although these include the companies e-bank online transactions, pre-authorised credit card

payments, batch payments, etc.

Bank account payment binds the mobile phone number of China Mobile with the bank account of

the mobile phone holder. Through various modes of operation like SMS, WAP, HTML5, USSD

super and KJava, users can manage bank accounts remotely and securely. Via mobile phone, the

payment functions of financing, bill payment, shopping and other applications based on bank

account payment is realised.

5.12 PayMate India PayMate is an Indian mobile commerce company that has built the largest mobile payments

network in India. PayMate offers mobile payment services including flight, train, and movie

bookings, mobile top up, online and retail shopping, and dining.

PayMate has been successful in spreading its brand by offering an integrated merchant

acceptance solution: PayPOS. In addition to accepting the company’s branded TAP service,

PayPOS provides analytics as well as inventory, offer, and loyalty management tools.

Founded in May 2006, PayMate has built a payments network in India with over 3,000 online

stores and 12,000 merchant partners including Futurebazaar, Indiaplaza, Indiatimes, Autsun,