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Mobile Payments: The Market for Travelers, Unbanked, and No/Low Credit Users Product Image

Mobile Payments: The Market for Travelers, Unbanked, and No/Low Credit Users

  • ID: 2317022
  • November 2012
  • 44 Pages
  • Mind Commerce LLC

A significant portion of the global population is "unbanked", low credit, or otherwise unable to establish and maintain a bank account. While this portion of the population is on a downtrend due to globalization and developing countries becoming more industrialized, the market segment without a traditional financial account is an important market segment for mobile commerce. In addition, travelers face issues with currency differences, exchange services and other impediments that make mobile payment an attractive option to traditional commerce.

This report evaluates mobile commerce for unbanked, low credit, or no credit users. The report analyzes the market challenges and includes two case studies for developed and developing markets. The report analyzes mobile commerce companies involved in each market and banking solutions with a SWOT analysis for each mobile payment solution. The report also evaluates the future trends for mobile payment solutions for unbanked and under-banked populations.

The report includes the following forecasts:

- Global Payment Market Forecast By Region
- Global M-Commerce Service Users Forecast By Segment
- Global M-Commerce Service Revenue Forecast By Segment
- Global Unbanked Population Forecast
- Global M-Commerce Service Revenue Forecast By Region

Target Audience:

- Mobile network operators
- Mobile commerce companies
- Financial institutions of all types
- Wireless infrastructure providers
- Commerce application companies

Introduction

The Market Segment Without A Bank

High Costs

Convenience

Need To Instant Funding

Lack Of Knowledge

Identification Requirements

Bad Banking History

Overall Perceptions Of Banking

Mobile Payment Models

Operator-Centric Model

Bank-Centric Model:

Peer-To-Peer Model:

Collaboration Model:

Mobile Payment Methods

Premium Sms Based Transactional Payments

Direct Mobile Billing

Mobile Web Payments

Contactless (Nfc)

Unbanked / Underbanked Population

Unbanked Population

Underbanked Population

Challenges With Mobile Payment For Unbanked

Economic Challenges

Multiple-Nationalities Nations

Banking Account Is A Must

Cost

Security

Case Study: Mobile Payment For Unbanked In Usa

Overview

Unbanked/Underbanked Population In United States

Low-Income Population

Unemployed Population

Under-Educated Population

United States Unbanked Population Market

Popular Mobile Payment Solutions For Unbanked

Precash

Paypal & Moneygram

Boom Mobile Payment From M-Via

Case Study: Mobile Payments In Kenya

Overview

Non-­Cash Payment Options In Kenya

Mobile Payment Solutions For Unbanked In Kenya

M-Pesa

Alternatives To M-Pesa In Kenya

Reasons For Success Of M-Pesa

Future Of Mobile Payments For Unbanked/Underbanked

Faster Service

More Services Especially For Travellers

Replacement Of Traditional Credit Cards

Alternatives To Banking: Independent Bi-Lateral Payment Processing

Payments Market And Forecasts

Mobile Payments Market

Global Payment Market Forecast By Region

Global M-Commerce Service Users Forecast By Segment

Global M-Commerce Service Revenue Forecast By Segment

Global Unbanked Population Forecast

Global M-Commerce Service Revenue Forecast By Region

Appendix

Foundations And Motivations For Mobile Banking

Introduction To Electronic Payment Systems

Note: Product cover images may vary from those shown

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