Upload
dale-cohen
View
987
Download
0
Embed Size (px)
DESCRIPTION
Citation preview
TELS
TR
A T
EM
PLA
TE 4
X3 B
LUE B
ETA
| TELP
PTV
4TELS
TR
A T
EM
PLA
TE 4
X3 B
LUE B
ETA
| TELP
PTV
4
MOBILE WALLET
DALE COHENGM, BIGPOND NETWORKJUNE 2012
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
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
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?
5Mobile Wallet | June 2012 |
WHO’S A CONTENDER?
Banking institutions
Credit providers
Telcos & phone makers
Technology firms• Paypal• Square• Google• Apple• Microsoft• Facebook
6Mobile Wallet | June 2012 |
IMPACTS FOR CONSUMERS
Convenience
Profile targeted offers
Location based offers
Integrated loyalty programs
One to one marketing
Concerns over privacy?
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