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February 19, 2015

Samsung Readies for its Entry into Mobile Payments

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

Rumors have been rampant for a number of months that Samsung Electronics would announce its entry into the still-burgeoning mobile payments arena when it debuts its next line of smartphones in conjunction with the upcoming Mobile World Congress next month. Samsung gave mobile-payment watchers a sneak peek of those plans on Wednesday.

The announcement that the South Korean smartphone maker plans to acquire US-based start-up LoopPay is as strong of an indication as any that Samsung plans to compete against the likes of Apple Inc in order to capture some of the billions of dollars that are already shifting to mobile devices. Writing for the Wall Street Journal, Jonathan Cheng says,

The acquisition of LoopPay for an undisclosed amount will pit the South Korean smartphone maker against other technology giants with mobile payment services, including Google Inc., eBay Inc. ’s PayPal and Apple Pay, which started in the U.S. last fall.

Continue reading "Samsung Readies for its Entry into Mobile Payments" »

January 30, 2015

MasterCard and Visa Report 4th Quarter 2014 Results

Kendrick SandsAnalyst Insight by Kendrick Sands - Consumer Finance Analyst

View Kendrick Sands's profile on LinkedIn

MasterCard and Visa reported their final quarter results of 2014 on January 30th and 29th respectively. In the fourth quarter, both Visa Inc. (excluding Visa Europe) and MasterCard reported a decline in y-o-y growth of card payment value in 2014 compared to 2013 as a result of a strengthening dollar and the falling price of gas. MasterCard acquired two companies in the fourth quarter bringing their total acquired companies in 2014 to six. The fourth quarter acquisitions of Transaction Network Services and 5one Marketing Limited focused on increasing MasterCard’s digital products, services and global reach. From 2013 to 2014 Visa Inc. and MasterCard increased total payment value by US$376 billion and US$289 billion respectively. However, MasterCard’s growth rate surpassed that of Visa with a y-o-y growth of 9.7% compared to 8.6% for Visa.

Continue reading "MasterCard and Visa Report 4th Quarter 2014 Results" »

December 12, 2014

Converting Paper Payments: The Impact of Moving from Cash to Alternatives

Cash-banner

Understanding why consumers are using paper payments is key to converting spending to alternative payment methods. This conversion boosts efficiency though cutting the cost of cash payments, increasing financial transparency. This podcast discusses the cost of shadow cash economies, the financial policy score card, financial services in emerging economies and more insights from the Converting Paper Payments report. 

Download as MP3 (right click on the player and select save audio as)

Kendrick SandsPodcast features Kedrick Sands - Consumer Finance Analyst

View Kendrick Sands's profile on LinkedIn

 

Get more insights in our free mobile payments white paper

 

Continue reading "Converting Paper Payments: The Impact of Moving from Cash to Alternatives" »

November 29, 2014

United Arab Emirates Leading the Way in Mobile Banking in the Middle East

Mobile is expected to account for 20% of e-commerce in the UAE in 2015.  This video discusses consumer trends, government initiatives and technological advances driving this trend.

Video features Ali Abbas - Manager, Professional Services – MENA & Turkey

Continue reading "United Arab Emirates Leading the Way in Mobile Banking in the Middle East" »

November 26, 2014

Key Takeaways from Cartes Secure Connexions

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

The Cartes Secure Connexions took place in early November in Paris. The emergence of the connected mobile consumer was a key trend discussed throughout the entire three-day conference. As the world has become more integrated and more interconnected, it has created great shifts in a number of industries, including payments. Traditional payment players now find themselves competing against payment entrants while all players try to determine how to most effectively leverage these emerging technologies in their business today. And along the way, the traditional shopping and payment experience is being turned on its side.

Below are four key takeaways from the conference:

Continue reading "Key Takeaways from Cartes Secure Connexions" »

November 10, 2014

Euromonitor to Speak at Hong Leong Bank Conference 2014

ASEAN

Event: ASEAN Economic Community (AEC) as a Dynamic Consumer Market

Date: 18 November 2014

Location: Summit Room, Level 2, Mandarin Oriental Kuala Lumpur

An HodgsonSpeaker: An Hodgson - Income and Expenditure Manager

View An Hodgson's profile on LinkedIn

Presentation Time: 12:00pm – 13:00pm

Presentation Title: Understanding the ASEAN Consumer

Conference and Presentation Description: The proposed establishment of ASEAN Economic Community (AEC) by 2015 has given rise to vast business opportunity for investors looking to tap into a vibrant economic block with population of more than 600 million. As we approach end- 2014, it becomes more crucial for investors to keep abreast of the progress of AEC integration as well as the trends in consumer spending patterns across ASEAN economies. HLIB is proud to bring you An Hodgson- Income and Expenditure Research Manager at Euromonitor International to share her research on trends in consumer income and expenditure across ASEAN economies.

November 1, 2014

Three Themes of Innovation in Financial Technology

Current innovations in financial technology center around reaching markets not served by traditional financial services, the rise of more advanced payments personalisation, and how the arrival of mobile phones to the masses has ushered in complete financial mobility. Watch the full video for complete insights.

Michelle EvansVideo Features Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

October 28, 2014

#EMIMobilePay Twitter Chat Recap

 

On Tuesday, October 28th, 2014, we hosted a Twitter chat in collaboration with Mobile Payments Today discussing trends in mobile payments.  Topics of conversation included ApplePay and CurrentC, NFC technology, retailer buy-in, loyalty programs, in-app purchasing, and more. You can see the full conversation below.

October 20, 2014

Five Global Mobile Payments Trends in 2014

As mobile payments are becoming more popular with consumers, distinct trends are beginning to emerge. Payments processes are becoming more streamlined on e- and m-commerce sites to facilitate ease of consumer check-out, the mobile wallet is about to become a real viable payment method, mobile banking is increasingly popular in both emerging and developed markets and more.

Michelle EvansVideo features Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

 

Learn more about these five trends in Michelle Evans' article on Mobile Payments Today and join us for a Twitter Chat on Tuesday, October 28th.

 

October 15, 2014

Apple Pay to Open New Era for Digital Payments in the UAE

Kinda ChebibAnalyst Insight by Kinda Chebib - Senior Research Analyst

View Kinda Chebib's profile on LinkedIn

While American consumers will get their first taste of Apple's new e-wallet service in October 2014, SMEs in the United Arab Emirates (UAE) will be keeping a close watch as Apple Pay heads towards the US market. Leading Middle East and North Africa in e-commerce, the UAE Government is implementing Smart Initiatives and reorganising its banking and mobile sectors’ strategies in order to maximise opportunities offered by contactless technology. More recently, the eBay-PayPal split is expected to benefit further Apple’s new digital wallet as eBay is likely to start accepting Apple Pay as a possible replacement for PayPal.

apple_pay.jpg 

Source: Apple Inc

Continue reading "Apple Pay to Open New Era for Digital Payments in the UAE" »

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Recent Posts

Samsung Readies for its Entry into Mobile Payments

MasterCard and Visa Report 4th Quarter 2014 Results

Converting Paper Payments: The Impact of Moving from Cash to Alternatives

United Arab Emirates Leading the Way in Mobile Banking in the Middle East

Key Takeaways from Cartes Secure Connexions

Euromonitor to Speak at Hong Leong Bank Conference 2014

Three Themes of Innovation in Financial Technology

#EMIMobilePay Twitter Chat Recap

Five Global Mobile Payments Trends in 2014

Apple Pay to Open New Era for Digital Payments in the UAE