TRENDS OF MOBILE PAYMENTS MOBILE & PAYMENTS APPLICATIONS

HISTORY & TRENDS OF MOBILE PAYMENTS

Number of mobile users early in 2016 was bigger than 4.8 million.

Users more than 39% are using mobile payment applications. In 2017 the expected number exceeded the 70% of users.

1983- “Digital Cash” term occurred.

1994- First online payment transaction came into existence. (Pizza Hut)

1998- PayPal is founded.

1999- Payment started with mobile devices. (Ericson & Telnor- cinema tickets)

2003- 95 million mobile users were able to shop in a world-wide, unlimited scale by their mobile devices.

2007- IOS and Droid operating systems were announced.

2008- Bitcoin was founded.

2011- Google Wallet was opened for use.

2014- Apple Pay, Android and Samsung Pay were announced and opened for use.

2017- Mobile payment systems and applications were used more than 70% of mobile users.

2020- Estimation of mobile payment applications: 90% of mobile users will use mobile payment systems and applications in every transaction.

What Properties Do Not Included in Mobile Payment Trends?

1. Web Browsers are not included.

2. The mobile applications which are used for only one transaction are not included.

5. Local applications are not included.

6. Advertising applications are not included.

What Are The Trends?

1. Easy to access

2. Easy to use, user friendly

3. Safe and secure

4. Widely usage area

5. Can be integrated more than two systems (compatible)

6. Includes campaigns and many properties of transactions

8. Wearable technology integration

9. Front-end innovation (easy for clients to be integrated)

MOBILE PAYMENT APPS & STARTUPS

• SQUARE

POS Software / Track sales

Works offline/ Inventory management

Feedback from customers/ Adjust taxes, tipping, and discounts

Square Cash (P2P)

• BRAINTREE (A PAYPAL COMPANY)

Payment processing/ PCI-DSS compliant service provider

Airbnb, Uber…

SDK/ Cards, PayPal, Apple Pay, Android Pay, Venmo, Bitcoin

$50 B processing, 154 M Cards

• VENMO

P2P transfer/ Venmo account linked to cards, bank accounts

Social (Payments are shared)/ 3rd Quarter of 2014 : $700 M

Acquired by PayPal

• TINK

Follow your money! / Payment organization, Transfer

PFM / 400K users

Funded by SEB, ABN AMRO for Virtual Bank

• CIRCLE

Linked to debit card / P2P

Split the tab / Sharing the bills

Gif, emoji, photo

• ROMIT

Payment Processing / Recurring payments

Card storage (PCI compliance) / Fraud detection

Access Romit users

• GOCARDLESS

Direct debit provider/ Processing $1 B per year

Recurring payments

• STRIPE

Payment processor/ Fraud detection

Bitcoin/ Dashboard

Coupons, recurring bills

• MONI

Prepaid Mastercard / P2P transfers

Notifications / Facebook (Transferwise, Azimo, Moni)

• CHIME BANKING

Chime Card ( a debit card) / Rewards

Realtime Transaction alerts / No fee

Saving account

• WEPAY

Payment Service Provider, API

Crowdfunding sites / Fraud detection

Customization / White label mPOS

• PAY NEAR ME

Cash transaction network

17K locations (7 ELEVEN) / Bill, tax, …

• COINBASE

Bitcoin wallet / Storage and transaction

API to accept bitcoin / Exchange ($3.5B)

3.7M customers

• FLINT

Accept payment through smartphone

Invoicing on the go / Online / Coupons

• MONDO

UK based challenger bank

Quickest crowdfunding campaign / £1M in 96 seconds

Real-time info / P2P transfer

Historic data of spending

• MOVEN

Service Provider, CBW Bank Partner

Digital Account / Moven Card, P2P

Payoff & CommonBond partnership, Offers

Money Path

• BANK MOBILE

No fee mobile bank

P2P / PFM / Photo Enroll

Photo Bill Pay / Photo Deposit

• CHASE QUICK PAY

Simple / Rewarding /Secure

• BBVA WALLET

Real Time Tracking

Rewards / BBVA Compass Card

• CAPITAL ONE

Capital One Wallet / Track Spending

Shop Securely (Second Look)

Gift Cards / Receipt photo / Rewards

• SPARK PAY

Merchant Service

Credit/Debit Card Process

Mange Transactions / Inventory Man.

Analytics / Customise Offers

• POCKETS BY ICICI BANK

Pre-paid Card / Pay Anyone

Bill Payment /Book Movie Tickets

Saving Account

• LIME BY AXIS BANK

Bill Payment / Recharge

Shopping / Tracking

• VIRTUAL WALLET BY PNC BANK

Calendar

Deposit checks / Transfer

Pay Bills /Wish List

Danger Day