Posts tagged Data
NFC m-payments not to be common in Western Europe, US before 2011
Near Field Communication (NFC)-based mobile payments and other NFC related services are not expected to become common before 2011 in mature markets such as Western Europe and the US, according to a report by US research firm Gartner.
However, NFC is likely to become important sooner in emerging markets, with some deployments starting by 2010. Researchers see NFC technology emerge as a leading standard for applications such as mobile payment. NFC has also wider applications such as ‘touch to exchange information’ ( to transfer an image from a handset to a digital photo frame for example, or for a handset to pick up a virtual discount voucher). Separately, IMS Research mentioned in one of its reports that the number of NFC-compliant handsets is set to increase in 2010, but the Single Wire Protocol (SWP)-based NFC phones supported by the GSMA will not be on the market in significant volumes until 2011 and beyond.
Gartner suggests eight mobile technologies for next two years
Analyst Gartner suggests that there are now eight mobile technologies that should be impacting businesses’ short-term mobile strategies and policies.
Gartner’s top-eight are: Bluetooth 3.0, mobile UIs (user interfaces), location sensing, 802.11n, display technologies, mobile web and widgets, cellular broadband, and NFC (near field communication).
“All mobile strategies embed assumptions about technology evolution, so it’s important to identify the technologies that will evolve quickly in the life span of each strategy,” explains Nick Jones, vice president and analyst at Gartner.
“The eight mobile technologies that we have pinpointed as ones to watch in 2009 and 2010 will have broad effects and, as such, are likely to pose issues to be addressed by short-term strategies and policies,” he adds.
He points to the Bluetooth 3.0 specification, for example, due for release this year, with devices starting to arrive around 2010. “Bluetooth 3.0 will likely include features, such as ultra-low-power mode that will enable new devices [peripherals and sensors] and new applications, such as health monitoring,” he says.
The point: whereas Bluetooth originated as a set of protocols operating over a single wireless bearer technology, Bluetooth 3.0 is intended to support three bearers: classic Bluetooth, Wi-Fi and ultra-wideband (UWB).
Gartner’s view is that it’s possible that more bearers will be supported in the future. Wi-Fi is likely to be a more important supplementary bearer than UWB in the short term, because of its broad availability. But Wi-Fi will allow high-end phones to rapidly transfer large volumes of data.
And it’s a similar story with mobile Uis. Jones explains that UIs have a major effect on device usability and supportability. “They will also be an area of intense competition in 2009 and 2010, with manufacturers using UIs to differentiate their handsets and platforms.”
The point: new and more-diverse UIs are likely to complicate the development and support of business-to-employee (B2E) and business-to-consumer (B2C) applications – so organisations need to prepare themselves for more user and customer demands for support of specific device models, driven by interface preferences.
And that point is echoed with location sensing, which makes mobile applications more powerful and useful. Gartner believes that in the near future, location awareness will be a key component of contextual applications.
The growing maturity of on-campus location sensing, using Wi-Fi, opens up a range of new applications exploiting the location of equipment or people, says Jones. So companies delivering those applications need to explore the new potential – keeping aware of new privacy and security challenges.
As for cellular broadband, he points out that wireless broadband exploded last year, driven by the availability of technologies such as high-speed downlink packet access and high-speed uplink packet access, combined with attractive pricing.
“The performance of HSPA [high-speed packet access] provides a megabit or two of bandwidth in uplink and downlink directions, and often more. In many regions, HSPA provides adequate connectivity to replace Wi-Fi hot spots, and the availability of mature chipsets enables organisations to purchase laptops with built-in cellular modules that provide superior performance to add-on cards or dongles,” advises Jones.
more in detail:
Gartner says that it has identified eight mobile technologies that will evolve significantly through 2010, impacting short-term mobile strategies and policies.
“All mobile strategies embed assumptions about technology evolution so it’s important to identify the technologies that will evolve quickly in the life span of each strategy,” said Nick Jones, vice president and distinguished analyst at Gartner. “The eight mobile technologies that we have pinpointed as ones to watch in 2009 and 2010 will have broad effects and, as such, are likely to pose issues to be addressed by short-term strategies and policies.”
Gartner’s eight mobile technologies to watch in 2009 and 2010
- Bluetooth 3.0 -The Bluetooth 3.0 specification will be released in 2009 (at which point its feature set will be frozen), with devices starting to arrive around 2010. Bluetooth 3.0 will likely include features such as ultra-low-power mode that will enable new devices, such as peripherals and sensors, and new applications, such as health monitoring. Bluetooth originated as a set of >protocols operating over a single wireless bearer technology. Bluetooth 3.0 is intended to support three bearers: "classic" Bluetooth, Wi-Fi and ultrawideband (UWB). It’s possible that more bearers will be supported in the future. Wi-Fi is likely to be a more important supplementary bearer than UWB in the short term, because of its broad availability. Wi-Fi will allow high-end phones to rapidly transfer large volumes of data.
- Mobile User Interfaces (UIs) – UIs have a major effect on device usability and supportability. They will also be an area of intense competition in 2009 and 2010, with manufacturers using UIs to differentiate their handsets and platforms. New and more-diverse UIs will complicate the development and support of business-to-employee (B2E) and business-to-consumer (B2C) applications. Organizations should expect more user demands for support of specific device models driven by interface preferences. Companies should also expect consumer interfaces to drive new expectations of application behavior and performance. Better interfaces will make the mobile Web more accessible on small devices, and will be a better channel to customers and employees.
- Location Sensing – Location awareness makes mobile applications more powerful and useful; in the future, location will be a key component of contextual applications. Location sensing will also enhance systems, such as mobile presence and mobile social networking. The growing maturity of on-campus location sensing using Wi-Fi opens up a range of new applications exploiting the location of equipment or people. Organizations delivering business or consumer applications should explore the potential of location sensing; however, exploiting it may create new privacy and security challenges.
- 802.11n – 802.11n boosts Wi-Fi data rates to between 100 Mbps and 300 Mbps, and the multiple-input, multiple-output technology used by 802.11n offers the potential for better coverage in some situations. 802.11n is likely to be a long-lived standard that will define Wi-Fi performance for several years. High-speed Wi-Fi is desirable to stream media around the home and office. From an organizational perspective, 802.11n is disruptive; it’s complex to configure, and is a "rip and replace" technology that requires new access points, new client wireless interfaces, new backbone networks and a new power over Ethernet standard. However, 802.11n is the first Wi-Fi technology to offer performance on a par with the 100 Mbps Ethernet commonly used for wired connections to office PCs. It is, therefore, an enabler for the all-wireless office, and should be considered by companies equipping new offices or replacing older 802.11a/b/g systems in 2009 and 2010.
- Display Technologies – Displays constrain many characteristics of both mobile devices and applications. During 2009 and 2010, several new display technologies will impact the marketplace, including active pixel displays, passive displays and pico projectors. Pico projectors enable new mobile use cases (for example, instant presentations projected on a desktop to display information in a brief, face-to-face sales meeting). Battery life improvements are welcome for any user. Good off-axis viewing enables images and information to be shared more easily. Passive displays in devices, such as e-book readers, offer new ways to distribute and consume documents. Display technology will also become an important differentiator and a user selection criterion.
- Mobile Web and Widgets – The mobile Web is emerging as a low-cost way to deliver simple mobile applications to a range of devices. It has some limitations that will not be addressed by 2010 (for example, there will be no universal standards for browser access to handset services, such as the camera or GPS). However, the mobile Web offers a compelling total cost of ownership (TCO) advantage over thick-client applications. Widgets (small mobile Web applets) are supported by many mobile browsers, and provide a way to stream simple feeds to handsets and small screens. Mobile Web applications will be a part of most B2C mobile strategies. Thin-client applications are also emerging as a practical solution to on-campus enterprise applications using Wi-Fi or cellular connections.
- Cellular Broadband – Wireless broadband exploded in 2008, driven by the availability of technologies such as high-speed downlink packet access and high-speed uplink packet access, combined with attractive pricing from cellular operators. The performance of high-speed packet access (HSPA) provides a megabit or two of bandwidth in uplink and downlink directions, and often more. In many regions, HSPA provides adequate connectivity to replace Wi-Fi "hot spots," and the availability of mature chipsets enables organizations to purchase laptops with built-in cellular modules that provide superior performance to add-on cards or dongles.
- Near Field Communication (NFC) – NFC provides a simple and secure way for handsets to communicate over distances of a centimeter or two. NFC is emerging as a leading standard for applications such as mobile payment, with successful trials conducted in several countries. It also has wider applications, such as "touch to exchange information" (for example, to transfer an image from a handset to a digital photo frame, or for a handset to pick up a virtual discount voucher). Gartner does not expect much of the NFC payment or other activities to become common, even by 2010, in mature markets, such as Western Europe and the U.S. NFC is likely to become important sooner in emerging markets, with some deployments starting by 2010.
Happy New Year – let’s hope that it is a prosperous one for all of us.
webwire.com
1.MTD 2009 – Money Transfers Dubai
9th March 2009, Shangri la Hotel
Following the huge success of the 4th annual London money transfer conference, IAMTN are pleased to announce the date for the 2nd annual Dubai conference. MTD is aimed at executive and money transfer professionals as well as consultants, lawyers, investment bankers and IT solution providers working with the remittances industry.
An exciting and relevant programme has been designed that will address the key current topics in the region and will allow plenty of time for networking.
There are a few sponsorship and speaker opportunities available for this conference so if you are interested please don’t hesitate to contact Charlotte Giles: charlotte.giles@iamtn.org
Book Now!! To find out delegate costs please contact info@iamtn.org
If you would like more information about IAMTN and how to become a member of the international organisation for money transfer networks please contact Kellie Waidson: kellie.waidson@iamtn.org
2. NatWest launches mobile remittance for Polish expats in the UK
NatWest, part of the Royal Bank of Scotland group, has become the first UK bank to launch a mobile phone based international money transfer service for UK customers. The service is initially being launched for the bank’s Polish Welcome Account customers via a partnership with PKO Bank Polski. But the bank says it will look to extend the service to other countries.
The service uses technology from mobile banking network Monilink, a joint venture of Monitise and VocaLink. To make a money transfer, customers simply use the NatWest Mobile Phone Banking service on their mobile phone. The transfers are free of charge if customers are transferring to an account they hold with PKO Bank Polski
Customers can sign up for the service using a secure website and the international money transfer service is automatically available, regardless of which mobile phone network they use, once the customer has completed the enrolment and security process.
Roy Vella, Group Director of Mobile at RBS, comments: “Mobile phone banking is the fastest growing banking channel in the world, and NatWest is committed to being at the forefront of this exciting phenomenon.
"Our research shows that the Polish community in the UK sends home a staggering £1 billion each year. We recognise that our customers want to move this money as cost effectively, securely and conveniently as possible, and often when they are on the move"
LI comments: ‘This is a logical extension of the Welcome Account Service. It shows that some banks are taking a focused approach to remittances for key customer groups and are also looking to test innovative solutions on them. These types of solutions and the pricing models deployed have the propensity to change the way remittance revenues are generated in the medium term as there are no fees charged but an exchange rate margin appears to be levied.’
3. Immigrants Lack Access to Vital Financial Services
Report Highlights Demand for Credit, Insurance and Improved Financial Education
A new study released by Appleseed examines the use of, and access to, financial services by Mexican immigrants in Chicago, proposing improved practices on the part of financial institutions and money service businesses to meet the needs of this community. The report concludes that immigrants’ ability to build and protect financial assets must be supported by expanded access to banking services, personal credit, and insurance.
"Immigrant Use of Financial Services and Unmet Needs" is the first in a series of three reports to be released by Appleseed over the next six weeks. The reports take a successively broader view of low-income populations and, cumulatively, call for higher levels of pricing transparency and outreach by providers of financial services – banks, lenders and remittance companies.
According to Executive Director Betsy Cavendish, increased outreach to the immigrant community through service and marketing innovation would "help draw attention to other banking and insurance services for which there is substantial demand but limited understanding"
In addition to recommending ways to strengthen the financial outlook of Latino communities, the study identifies practices by which financial institutions can capture a greater share of the market. According to the survey, there is substantial demand for insurance and credit services, and though the majority of the immigrant population is banked and demonstrates a propensity to save and make regular payments, this community lacks access to such services. Although further research is needed, it appears that financial institutions which bundle, for example, health insurance with credit cards or loan offerings are more likely to meet the needs and demands of the immigrant community.
Remittance services are also important. Though often subsisting on meagre incomes, approximately half of all respondents remit money to Mexico at least once a month to support relatives. And they often do so without knowledge of pricing structures and exchange rates, which can vary dramatically based on the time, date, and location of the transaction.
Improved transparency in pricing would allow immigrants to make more informed decisions about which remittance services to use, helping to save scarce dollars.
LI: This interesting piece of research highlights the need for even greater price transparency which shows the needs for initiatives like the World Bank’s http://remittanceprices.worldbank.org/. Significantly this report talks about migrants propensity to consume other financial services. This is an area that all businesses should look at seriously.
4 .Juniper Research forecasts Mobile Money Transfers Opportunity for Service Providers to exceed $5bn by 2013
A new analysis by Juniper Research forecasts that Service Provider revenues, derived from mobile money transfer services and remittances, will exceed $5bn globally by 2013 – based on the commissions and charges that they will acquire from the gross value of money transactions made, both domestically within countries and internationally.
In the third report in its Mobile Payments Series, Juniper Research found that there is a significant opportunity for the providers and vendors of mobile money transfer services as the market takes off, beginning as soon as 2010. The study explores how mobile money transfer will transform the ability of the ‘underbanked’ population and migrant workers to make remittances, using their mobile phones as mobile wallets.
Report author Howard Wilcox provided some insight into this new market: "New services and trials are being announced almost every day. Judging from the response from users so far to services like M-PESA and SmartMoney, prospects for these services are excellent, both in developing and developed countries. For many people it has been costly and difficult for them to transfer money via existing services even to friends and family: using mobile phones solves the problem"