Mobile Payment Solutions: User Interfaces, Mobile Wallets and Banking 2015 - 2020

Published: June 2015   Pages: 76
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The market acceptance for mobile payment is growing rapidly across the world. A growing majority of key retailers are accepting digital payments as mPayments has clearly moved beyond niche status. Many aspects of the mobile payments ecosystem are evolving including what people buy, how purchases are made, what devices are used, how purchases are funded, how merchants or producers are monetized, and even the identity of sellers and buyers. In addition, the global trend towards a “Cashless Society” is driving the need for convenient payment solutions.

There will be continued strong growth in this sector, which will benefit service providers, app developers, financial organizations, and merchants significantly as they streamline front-end processes to leverage efficiencies enabled by back-end systems. Mind Commerce estimates that the mobile payment market will grow at a CAGR of 20.4% over the next five years and eventually account for $830 billion by the end of 2020.

This research evaluates the latest mobile payments technologies, mobile wallet options, and the mobile payments ecosystem including credit card companies and other financial institutions. The report also provides in-depth market analysis, forecasting, and value chain assessment for mobile payments through 2020. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.

Target Audience:

  • NFC companies
  • Financial institutions
  • Application developers
  • Mobile device vendors
  • Mobile network operators
  • Mobile Commerce Companies
  • Wireless infrastructure companies
  • Government agencies and authorities

Report Benefits:

  • Forecast for mobile payments from 2015 through 2020
  • Understand alternative payment methods and interfaces
  • Identify key drivers for the evolution of mobile payments
  • Understand the mobile payments ecosystem and key players
  • Recognize financial institutions and alternative players influence

Table of Contents:

1 Introduction
1.1 Topics Covered
1.2 Key Questions Answered
1.3 Target Audience
1.4 Companies Mentioned
2 Summary
3 Mobile Payment: Concepts, Models and Applications
3.1 Concept
3.2 Models of Mobile Payments
3.2.1 Unstructured Supplementary Service Data (USSD)
3.2.2 Direct Mobile Billing
3.2.3 Mobile Web Payments (WAP)
3.2.4 Near Field Communication (NFC)
3.3 Fundamentals of E-payment (Foundation of Mobile Payment)
3.3.1 E-Payment Process
3.3.2 Payment Service Providers
3.4 Mobile Payment: User Interface
3.4.1 Full Over the Air (OTA) Activation
3.4.2 User Interface over the Air (OTA) with Activation
3.4.3 User Interface Application Download OTA followed by Activation
3.4.4 User Interface Application and Installation
3.4.5 Low Value Transactions
3.4.6 High Value Transactions
3.5 Mobile Wallet
3.5.1 Card Containers
3.5.2 Digital Bank Accounts
3.5.3 Mobile Payment Products
3.5.4 True Mobile Wallets
3.6 The Mobile Payment Value Chain
3.7 Market Barriers and Challenges to Mobile Payments
3.7.1 Security Considerations
3.7.2 Mobility Management
3.7.3 User’s Data
3.8 Contactless Payment Solutions
3.8.1 Bluetooth Low Energy (BLE)
3.8.2 Cloud-Based Payments
3.8.3 Host Card Emulation
4 Mobile Payment Industry Analysis 2015 - 2020
4.1.1 Historical Data of Mobile Payment Industry
4.2 Mobile Payment Industry Developments in 2014
4.3 Mobile Payment Industry Trends in 2015
4.3.1 SMBs to Replacing Traditional POS with Smartphones and Tabs for Payments
4.3.2 Merchant Customer Exchange (MCX) to Build own Mobile Payment System
4.3.3 Apple Pay to accelerate NFC
4.3.4 Google acquired Intellectual Rights for Android Pay
4.3.5 PayPal acquired Paydiant
4.4 The Global Mobile Payments Market 2015 - 2020 Regional Market Distribution of Mobile Payment Business: 2015-2020
5 Vendor Analysis and Key Company Profiles
5.1 Mobile Wallet Comparison
5.2 Key Company Profiles
5.2.1 Android Pay
5.2.2 Apple Pay
5.2.3 Google Wallet
5.2.4 LifeLock Wallet (Lemon)
5.2.5 M-Pesa
5.2.6 PayPal
5.2.7 Softcard
5.2.8 V.Me Visa Wallet
6 Analysis and Conclusions


Figure 1: Summary of Global Mobile Payment Markets 2015 - 2020
Figure 2: E-payment Ecosystem
Figure 3: E-Payment process
Figure 4: Full OTA without Activation
Figure 5: UI OTA with Activation Process
Figure 6: User Interface Application
Figure 7: UI installation process
Figure 8: Transaction with Tao and Go
Figure 9: Transaction with mPIN
Figure 10: Mobile Payment Ecosystem
Figure 11: Credit/Charge Card Acceptance at SMB
Figure 12: Global Markets for Mobile Payment Industry 2015 - 2020
Figure 13: Regional Markets for Mobile Payment Industry 2015 - 2020


Table 1: Summary of Global Markets Mobile Payment Industry 2015 - 2020
Table 1: Global Markets Mobile Payment Industry 2015 - 2020
Table 2: Regional Markets for Mobile Payment Industry 2015 - 2020
Table 3: Comparison of Mobile Wallet Companies


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