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Goodbye Wallets

Goodbye Wallets! How Mobile Phones Are Becoming The New Credit Card Money has evolved several times in human history: barter, coins, paper, plastic, and now, phones? It's true-commerce is the next major advancement in mobile technology. Through the use of 'near field communication' (NFC) chips, several companies are about to revolutionize the way we shop, replacing our wallets with our smartphones. THE GROWING MOBILE PAYMENTS MARKET Mobile payment transactions already total $240 billion annually, but that's just the tip of the iceberg. Juniper Research reports that the market will grow 2x to 3x in the next 5 years. By 2013: By 2014: By 2015: Sales of NFC equipped NFC transactions alone will approach The value of all mobile money phones will exceed transactions is expected to reach $50 billion. $75 billion. $670 billion. Google predicts Digital goods will make up that 50% nearly 40% of this market. Asia, of cell phones will Western Europe and North America use NFC technology. will be responsible for 75% of all 1 in 5 cell phones worldwide mobile payment transactions. will use NFC technology. The race is on between mobile technology companies to get their devices to market, but who will be the dominant provider in the mobile payment space? THE CONTENDERS $$$$$ PAYMENT NETWORK PARTNERS MARKET TECHNOLOGY PROS CONS Google, Ci, MasterCard, First The premiere mobile payment platform for Google wallet Android phone The Nexus S 4G Google Wallet will No mention of sync with Google support for Visa. is already shipping with NFC chips that Data, and Sprint. Offers, allowing you to take your No mention of IPhone support. users. will interface with coupons and Google Wallet when it launches. savings with you as you shop. ISIS was founded Will run on any ISIS is working on No support Discover, ISIS as a coalition NFC enabled a mobile wallet for Sprint. MasterCard, between AT&T, Verizon Wireless device supported by the three system that could store multiple and Visa and T-Mobile. carriers. credit and debit cards, and allow users to pay with any of them. Visa's 50+ years VISA The digital wallet is Will run on most expected to handle smart devices, No mention of Visa, and 14 experience in support for additional banks (Visa Wallet) multiple cards and payment options and can make payment MasterCard, and financial use of NFC If processing. Discover, or Amex. service providers through many available. financial networks. American Express Will primarily run Can send money No mention of American Express serve customers on the Payfone, a securely between support for Visa, financial network. mobile-commerce two devices. MasterCard, or by American Еxpress centered device Discover. backed by Amex. HOW NEAR FIELD COMMUNICATION (NFC) WORKS PAID The initiator generates a radio frequency (RF) field NFC allows for a simple data NFC requires an The target picks up the exchange between two devices initiator and a target: RF field and receives by way of a physical touch. with a range of about the data it contains. 4 centimeters. G+ SOURCES GW-PRESS.APPSPOT.COM I GOOGLE.COM/WALLET I VENTUREBEAT.COM | FASTCOMPANY.COM FASTCOMPANY.COM I TECHCRUNCH.COM I NFCRUMORS.COM I GIGAOM | JUNIPER RESEARCH gplus.com www.twiter.com/golus www.facebook.com/golus H Goodbye Wallets! How Mobile Phones Are Becoming The New Credit Card Money has evolved several times in human history: barter, coins, paper, plastic, and now, phones? It's true-commerce is the next major advancement in mobile technology. Through the use of 'near field communication' (NFC) chips, several companies are about to revolutionize the way we shop, replacing our wallets with our smartphones. THE GROWING MOBILE PAYMENTS MARKET Mobile payment transactions already total $240 billion annually, but that's just the tip of the iceberg. Juniper Research reports that the market will grow 2x to 3x in the next 5 years. By 2013: By 2014: By 2015: Sales of NFC equipped NFC transactions alone will approach The value of all mobile money phones will exceed transactions is expected to reach $50 billion. $75 billion. $670 billion. Google predicts Digital goods will make up that 50% nearly 40% of this market. Asia, of cell phones will Western Europe and North America use NFC technology. will be responsible for 75% of all 1 in 5 cell phones worldwide mobile payment transactions. will use NFC technology. The race is on between mobile technology companies to get their devices to market, but who will be the dominant provider in the mobile payment space? THE CONTENDERS $$$$$ PAYMENT NETWORK PARTNERS MARKET TECHNOLOGY PROS CONS Google, Ci, MasterCard, First The premiere mobile payment platform for Google wallet Android phone The Nexus S 4G Google Wallet will No mention of sync with Google support for Visa. is already shipping with NFC chips that Data, and Sprint. Offers, allowing you to take your No mention of IPhone support. users. will interface with coupons and Google Wallet when it launches. savings with you as you shop. ISIS was founded Will run on any ISIS is working on No support Discover, ISIS as a coalition NFC enabled a mobile wallet for Sprint. MasterCard, between AT&T, Verizon Wireless device supported by the three system that could store multiple and Visa and T-Mobile. carriers. credit and debit cards, and allow users to pay with any of them. Visa's 50+ years VISA The digital wallet is Will run on most expected to handle smart devices, No mention of Visa, and 14 experience in support for additional banks (Visa Wallet) multiple cards and payment options and can make payment MasterCard, and financial use of NFC If processing. Discover, or Amex. service providers through many available. financial networks. American Express Will primarily run Can send money No mention of American Express serve customers on the Payfone, a securely between support for Visa, financial network. mobile-commerce two devices. MasterCard, or by American Еxpress centered device Discover. backed by Amex. HOW NEAR FIELD COMMUNICATION (NFC) WORKS PAID The initiator generates a radio frequency (RF) field NFC allows for a simple data NFC requires an The target picks up the exchange between two devices initiator and a target: RF field and receives by way of a physical touch. with a range of about the data it contains. 4 centimeters. G+ SOURCES GW-PRESS.APPSPOT.COM I GOOGLE.COM/WALLET I VENTUREBEAT.COM | FASTCOMPANY.COM FASTCOMPANY.COM I TECHCRUNCH.COM I NFCRUMORS.COM I GIGAOM | JUNIPER RESEARCH gplus.com www.twiter.com/golus www.facebook.com/golus H Goodbye Wallets! How Mobile Phones Are Becoming The New Credit Card Money has evolved several times in human history: barter, coins, paper, plastic, and now, phones? It's true-commerce is the next major advancement in mobile technology. Through the use of 'near field communication' (NFC) chips, several companies are about to revolutionize the way we shop, replacing our wallets with our smartphones. THE GROWING MOBILE PAYMENTS MARKET Mobile payment transactions already total $240 billion annually, but that's just the tip of the iceberg. Juniper Research reports that the market will grow 2x to 3x in the next 5 years. By 2013: By 2014: By 2015: Sales of NFC equipped NFC transactions alone will approach The value of all mobile money phones will exceed transactions is expected to reach $50 billion. $75 billion. $670 billion. Google predicts Digital goods will make up that 50% nearly 40% of this market. Asia, of cell phones will Western Europe and North America use NFC technology. will be responsible for 75% of all 1 in 5 cell phones worldwide mobile payment transactions. will use NFC technology. The race is on between mobile technology companies to get their devices to market, but who will be the dominant provider in the mobile payment space? THE CONTENDERS $$$$$ PAYMENT NETWORK PARTNERS MARKET TECHNOLOGY PROS CONS Google, Ci, MasterCard, First The premiere mobile payment platform for Google wallet Android phone The Nexus S 4G Google Wallet will No mention of sync with Google support for Visa. is already shipping with NFC chips that Data, and Sprint. Offers, allowing you to take your No mention of IPhone support. users. will interface with coupons and Google Wallet when it launches. savings with you as you shop. ISIS was founded Will run on any ISIS is working on No support Discover, ISIS as a coalition NFC enabled a mobile wallet for Sprint. MasterCard, between AT&T, Verizon Wireless device supported by the three system that could store multiple and Visa and T-Mobile. carriers. credit and debit cards, and allow users to pay with any of them. Visa's 50+ years VISA The digital wallet is Will run on most expected to handle smart devices, No mention of Visa, and 14 experience in support for additional banks (Visa Wallet) multiple cards and payment options and can make payment MasterCard, and financial use of NFC If processing. Discover, or Amex. service providers through many available. financial networks. American Express Will primarily run Can send money No mention of American Express serve customers on the Payfone, a securely between support for Visa, financial network. mobile-commerce two devices. MasterCard, or by American Еxpress centered device Discover. backed by Amex. HOW NEAR FIELD COMMUNICATION (NFC) WORKS PAID The initiator generates a radio frequency (RF) field NFC allows for a simple data NFC requires an The target picks up the exchange between two devices initiator and a target: RF field and receives by way of a physical touch. with a range of about the data it contains. 4 centimeters. G+ SOURCES GW-PRESS.APPSPOT.COM I GOOGLE.COM/WALLET I VENTUREBEAT.COM | FASTCOMPANY.COM FASTCOMPANY.COM I TECHCRUNCH.COM I NFCRUMORS.COM I GIGAOM | JUNIPER RESEARCH gplus.com www.twiter.com/golus www.facebook.com/golus H Goodbye Wallets! How Mobile Phones Are Becoming The New Credit Card Money has evolved several times in human history: barter, coins, paper, plastic, and now, phones? It's true-commerce is the next major advancement in mobile technology. Through the use of 'near field communication' (NFC) chips, several companies are about to revolutionize the way we shop, replacing our wallets with our smartphones. THE GROWING MOBILE PAYMENTS MARKET Mobile payment transactions already total $240 billion annually, but that's just the tip of the iceberg. Juniper Research reports that the market will grow 2x to 3x in the next 5 years. By 2013: By 2014: By 2015: Sales of NFC equipped NFC transactions alone will approach The value of all mobile money phones will exceed transactions is expected to reach $50 billion. $75 billion. $670 billion. Google predicts Digital goods will make up that 50% nearly 40% of this market. Asia, of cell phones will Western Europe and North America use NFC technology. will be responsible for 75% of all 1 in 5 cell phones worldwide mobile payment transactions. will use NFC technology. The race is on between mobile technology companies to get their devices to market, but who will be the dominant provider in the mobile payment space? THE CONTENDERS $$$$$ PAYMENT NETWORK PARTNERS MARKET TECHNOLOGY PROS CONS Google, Ci, MasterCard, First The premiere mobile payment platform for Google wallet Android phone The Nexus S 4G Google Wallet will No mention of sync with Google support for Visa. is already shipping with NFC chips that Data, and Sprint. Offers, allowing you to take your No mention of IPhone support. users. will interface with coupons and Google Wallet when it launches. savings with you as you shop. ISIS was founded Will run on any ISIS is working on No support Discover, ISIS as a coalition NFC enabled a mobile wallet for Sprint. MasterCard, between AT&T, Verizon Wireless device supported by the three system that could store multiple and Visa and T-Mobile. carriers. credit and debit cards, and allow users to pay with any of them. Visa's 50+ years VISA The digital wallet is Will run on most expected to handle smart devices, No mention of Visa, and 14 experience in support for additional banks (Visa Wallet) multiple cards and payment options and can make payment MasterCard, and financial use of NFC If processing. Discover, or Amex. service providers through many available. financial networks. American Express Will primarily run Can send money No mention of American Express serve customers on the Payfone, a securely between support for Visa, financial network. mobile-commerce two devices. MasterCard, or by American Еxpress centered device Discover. backed by Amex. HOW NEAR FIELD COMMUNICATION (NFC) WORKS PAID The initiator generates a radio frequency (RF) field NFC allows for a simple data NFC requires an The target picks up the exchange between two devices initiator and a target: RF field and receives by way of a physical touch. with a range of about the data it contains. 4 centimeters. G+ SOURCES GW-PRESS.APPSPOT.COM I GOOGLE.COM/WALLET I VENTUREBEAT.COM | FASTCOMPANY.COM FASTCOMPANY.COM I TECHCRUNCH.COM I NFCRUMORS.COM I GIGAOM | JUNIPER RESEARCH gplus.com www.twiter.com/golus www.facebook.com/golus H Goodbye Wallets! How Mobile Phones Are Becoming The New Credit Card Money has evolved several times in human history: barter, coins, paper, plastic, and now, phones? It's true-commerce is the next major advancement in mobile technology. Through the use of 'near field communication' (NFC) chips, several companies are about to revolutionize the way we shop, replacing our wallets with our smartphones. THE GROWING MOBILE PAYMENTS MARKET Mobile payment transactions already total $240 billion annually, but that's just the tip of the iceberg. Juniper Research reports that the market will grow 2x to 3x in the next 5 years. By 2013: By 2014: By 2015: Sales of NFC equipped NFC transactions alone will approach The value of all mobile money phones will exceed transactions is expected to reach $50 billion. $75 billion. $670 billion. Google predicts Digital goods will make up that 50% nearly 40% of this market. Asia, of cell phones will Western Europe and North America use NFC technology. will be responsible for 75% of all 1 in 5 cell phones worldwide mobile payment transactions. will use NFC technology. The race is on between mobile technology companies to get their devices to market, but who will be the dominant provider in the mobile payment space? THE CONTENDERS $$$$$ PAYMENT NETWORK PARTNERS MARKET TECHNOLOGY PROS CONS Google, Ci, MasterCard, First The premiere mobile payment platform for Google wallet Android phone The Nexus S 4G Google Wallet will No mention of sync with Google support for Visa. is already shipping with NFC chips that Data, and Sprint. Offers, allowing you to take your No mention of IPhone support. users. will interface with coupons and Google Wallet when it launches. savings with you as you shop. ISIS was founded Will run on any ISIS is working on No support Discover, ISIS as a coalition NFC enabled a mobile wallet for Sprint. MasterCard, between AT&T, Verizon Wireless device supported by the three system that could store multiple and Visa and T-Mobile. carriers. credit and debit cards, and allow users to pay with any of them. Visa's 50+ years VISA The digital wallet is Will run on most expected to handle smart devices, No mention of Visa, and 14 experience in support for additional banks (Visa Wallet) multiple cards and payment options and can make payment MasterCard, and financial use of NFC If processing. Discover, or Amex. service providers through many available. financial networks. American Express Will primarily run Can send money No mention of American Express serve customers on the Payfone, a securely between support for Visa, financial network. mobile-commerce two devices. MasterCard, or by American Еxpress centered device Discover. backed by Amex. HOW NEAR FIELD COMMUNICATION (NFC) WORKS PAID The initiator generates a radio frequency (RF) field NFC allows for a simple data NFC requires an The target picks up the exchange between two devices initiator and a target: RF field and receives by way of a physical touch. with a range of about the data it contains. 4 centimeters. G+ SOURCES GW-PRESS.APPSPOT.COM I GOOGLE.COM/WALLET I VENTUREBEAT.COM | FASTCOMPANY.COM FASTCOMPANY.COM I TECHCRUNCH.COM I NFCRUMORS.COM I GIGAOM | JUNIPER RESEARCH gplus.com www.twiter.com/golus www.facebook.com/golus H

Goodbye Wallets

shared by youcom on Nov 07
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This infographic describes the growing global payment market, It shows which companies are the leading mobile payment services and how each of them work.

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