0
Mobile & Wireless

Visa, PayPal are top m-wallet service providers – study

Wednesday 12 September 2012 | 06:51 CET | News

Visa and PayPal top the list of consumers’ preferred mobile wallet providers at 15 percent and 13 percent, while mobile network operators Verizon and AT&T (with the Isis wallet), and Apple, are close behind, according to a report from Javelin Strategy & Research. To become a valued mobile wallet provider, consumers consider three main factors – trust, innovation, and privacy. A balanced approach of the three is more important to consumers, the report found.

The study also indicates that, while mobile payments and mobile POS purchasing experienced little adoption, there is a growing pent up demand from consumers as new mobile devices and technologies enter the market. Over 60 percent of mobile bankers are likely to adopt a mobile wallet in the next 12 months.

Providers will also have to determine which mobile point-of-sale technology – NFC, cloud, and bar code – to use. In the near-term, bar codes and cloud-based wallets are expected to proliferate, as they do not require mobile phone upgrades or merchant investments in terminals and systems. With Apple’s iPhone 5 coming soon and other new devices following the iPhone, it is expected that NFC chip technology will prevail as it offers the convenience of paying with a simple tap or wave of the phone.


Categories: Mobile & Wireless
Companies: PayPal / Visa
Countries: World
::: add a comment
This article is part of dossier

NFC


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






3%
of the Dutch households have broadband subscriptions that offer over 100 Mb/s
Netherlands  |  2014 Q4

Calendar   /   Industry Events

03 Feb Radcom Q4 2014
03 Feb Calix Q4 2014
03 Feb Millicom Q4 2014
03 Feb Vitesse Semiconductor fiscal Q1
03 Feb Sharp fiscal Q3
03 Feb Lenovo fiscal Q3
03 Feb Ceva Q4 2014
03 Feb Iran Telecoms and IT Global Summit 2015
04 Feb Mobistar Q4 2014
04 Feb KPN Q4 2014
04 Feb MTS Allstream Q4 2014
04 Feb NXP Semiconductors Q4 2014
04 Feb BskyB fiscal Q2
04 Feb Level 3 Communications Q4 2014
04 Feb Glu Mobile Q4 2014
04 Feb Sky Deutschland fiscal Q2
04 Feb Turk Telekom Q4 2014
04 Feb Entropic Q4 2014
04 Feb WDM Africa 2015
05 Feb Charter Communications Q4 2014
05 Feb Nuance Communications fiscal Q1
05 Feb Verisign Q4 2014
05 Feb Twitter Q4 2014
05 Feb Avanti Communications fiscal Q2
05 Feb TCS Q4 2014
05 Feb TDC Q4 2014
05 Feb Turk Telekom Q4 2014
05 Feb Vodafone fiscal Q3
05 Feb Swisscom Q4 2014
05 Feb Sequans Q4 2014
::: More Calendar Items