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TELSTRA TEMPLATE 4X3 BLUE BETA | TELPPTV4 TELSTRA TEMPLATE 4X3 BLUE BETA | TELPPTV4 MOBILE WALLET DALE COHEN GM, BIGPOND NETWORK JUNE 2012

Mobile wallet aimia - dale cohen

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Page 1: Mobile wallet   aimia - dale cohen

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MOBILE WALLET

DALE COHENGM, BIGPOND NETWORKJUNE 2012

Page 2: Mobile wallet   aimia - dale cohen

2Mobile Wallet | June 2012 |

HOW BIG IS THE PAYMENTS MARKET?

March 2012

Credit cards • 15m active accounts• 2m cash advances worth $844m• 142m purchases worth $20.5b

Our credit limit• We owe $50b against a $137b limit• We have $36.5b in accrued interest

Debit Cards & EFTPOS• 34m active accounts• 219m purchases worth $12.9b• Purchases plus cash out worth $15.2b

ATMs• 71m withdrawals worth $12.6b

Source: Reserve Bank of Australia

Page 3: Mobile wallet   aimia - dale cohen

3Mobile Wallet | June 2012 |

WHAT ARE THE DRIVERS FOR MOBILE?

Convenience

Existing consumer patterns

Phones are now data hubs• Contacts & apps• Mobile internet• GPS, NFC, LTE & other TLA’s

Money is a shared value concept• We already value bits the same as cash

Most source payments are electronic• Wages, pensions, dividends

Data networks are pervasive & robust

P2P transfers replace cash

Page 4: Mobile wallet   aimia - dale cohen

4Mobile Wallet | June 2012 |

WHAT ARE THE BLOCKERS TO CHANGE?

Established payment networks

Authentication and security

Point of sale acceptance

Interoperability

Existing business models

Who do you trust?

Page 5: Mobile wallet   aimia - dale cohen

5Mobile Wallet | June 2012 |

WHO’S A CONTENDER?

Banking institutions

Credit providers

Telcos & phone makers

Technology firms• Paypal• Square• Google• Apple• Microsoft• Facebook

Page 6: Mobile wallet   aimia - dale cohen

6Mobile Wallet | June 2012 |

IMPACTS FOR CONSUMERS

Convenience

Profile targeted offers

Location based offers

Integrated loyalty programs

One to one marketing

Concerns over privacy?

Page 7: Mobile wallet   aimia - dale cohen

7Mobile Wallet | June 2012 |

HOW FAST CAN THINGS CHANGE?

Do you listen to CD’s or MP3’s?

Does your phone have a number pad?

Do you read a real newspaper?

Do you watch live TV?

Have you compared prices while in store?

Do you pay bills in person?

Do you bank online?

Charts sourced from Henry Blodget Business Insider article “Don't Mean To Be Alarmist, But The TV Business May Be Starting To Collapse” http://read.bi/LvHvf1