The initial impact of digital finance and mobile payments in China is difficult to over-exaggerate, says Zennon Kapron, founder and director of Asian financial services and research firm Kapronasia. The launch of services such as Alipay and WeChat Pay brought with them a dramatic change in the way the average Chinese consumer spends — especially when one considers how cash-focused the country has been historically, he explains in this paper.
The mobile banking and payments market has grown exponentially in the past few years, says Orange’s Marc Rennard, and the opportunity “has not been ignored by the mobile operators, with many taking an active role since the beginning of the millennium, often targeting very specific use-cases as a means of carving a niche for themselves,” he explains.
Banks need to engage with customers, adapt to consumers’ changing needs, and provide the best user experience to secure their role in the rapidly changing payments industry explains Dejamobile’s Lorcan Burke, before setting out how these aims can best be accomplished.
This latest issue of Mahindra Comviva’s quarterly magazine Vritti looks at the trends and technologies driving the next wave of mobile payments and digital commerce and includes articles about conversational commerce, the use of biometrics in payments and ways to address the gender gap in the uptake of mobile money.
This 10-page guide from Rambus provides an overview of Samsung Pay and introduces its key features, including security and authentication protocols.
This seven-page guide from Rambus gives an overview of what banks and service providers need to know about Google’s Android Pay platform and its use of NFC, host card emulation (HCE) and tokenization.
This 19-page white paper from Famoco examines the role of secure, affordable and dedicated mobile Android devices in the development of emerging economies. It covers the participation of low-income people in the financial system, how to counter the informal economy and improve the distribution of humanitarian aid.
This eight-page guide from Rambus examines the changes taking place in the mobile payments industry and the key developments that will take place over the next three years.
This 13-page e-book from Rambus examines why the mass adoption of mobile payments remains slower than initially anticipated, and what providers need to do to build trust before, during and after the payment experience.
Leading international innovators look into the future of blockchain, wearables, IoT, AI, chatbots, mobile, HCE and more in this 104-page special report from the NFC World team which examines the latest payments trends and technologies from around the world.
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