Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Our flagship business publication has been defining and informing the senior-management agenda since Our learning programs help organizations accelerate growth by unlocking their people's potential.
Fiserv is supporting mobile bill presentment in to meet a growing demand for receiving and paying bills through smartphones, which are now nearly ubiquitous in the U. The service, Mobile Bill Presentment, also supports mobile alerts and notifications, which can increase payment speed by reminding consumers to pay their bills. With continued growth in all things digital, people expect information to be one tap away, and this includes access to their bills," said Rob Houser, senior vice president of product management and strategy for biller solutions at Fiserv, in a press release.
The report covers various aspects such as market size of bills payment market, active subscriber base of market. It also includes segmentation by rural and urban market for bills payment in India, by types of bills paid, penetration of players in online and offline space and segmentation by different source of payment. The report also provides competitive landscape and profile of major players operating in different segments such as mobile bills, DTH, data card and utility bills payment market of India.
In comparison with the same study released intrends of mobile wallet consumption are gauged across the two years. Apart from promotion incentives, mobile wallet players also think out of the box for different features and occasions where payment can be done via mobile. Besides wet markets, the most popular temple in Hong Kong — Wong Tai Sin — has also embraced mobile payment with AliPay where believers and followers can just donate to the temple by scanning a QR code.
In my previous post I covered all types of mobile payments and highlighted their main advantages and disadvantages. In this new post I will provide real examples of companies using mobile payments so you are able to get a feel for these payment methods. Premium SMS, during many years associated with simple content services, such as ringtones, backgrounds and games, can be classified as being in the mature stage on the product life-time cycle, as they sharply slowed down in recent years in Western and other high-income countries due to increasing internet and smartphone penetration.
RESTON, VA, February 27, — Comscore Networks, a leader in measuring the digital age, today released the results of a study analyzing usage of online bill payment services at leading banks. According to the study, among those consumers who had one or more checking, savings, or money market accounts and who used online bank bill pay during the quarter with a leading financial institution Bank of America achieved 65 percent penetration in Q4 Wells Fargo ranked second in penetration of online bill payers, with a level of 18 percent, followed by Chase and Wachovia each achieved 13 percent penetration.
Click on the Add to next to any video to save to your queue. Click on the Add to next to any article to save to your queue. Click on the Add to next to any podcast episode to save to your queue.
Mobile payments are the future as we move towards a cashless world. In some markets, cash is already a thing of the past but many nations are slower to make the mobile switch for a number of reasons. We are not referring to using mobile phones to transfer money remotely or purchase something online through a payment processor e. WeChat Pay says it has more than 1 billion daily active users and Chinese competitor Alipay also claims to have surpassed the 1 billion mark this year.
Never miss a great news story! Get instant notifications from Economic Times Allow Not now. The five forces model of analysis was developed by Michael Porter to analyze the competitive environment in which a product or company works.
Mobile payments have grown from a niche service for tech-savvy consumers to mainstream use in the space of several years. This article will highlight current trends in the mobile payment space and how emerging technologies and shifting tastes will impact the sector in the coming years. Mobile wallets were first popularized in when Apple began offering Apple Pay on its smartphones. Part of what has helped spur adoption is the inclusion of mobile wallets on the most popular phones, as well as shifting consumer acceptance of such software.