MasterCard's Mobile Payment Readiness Index Released

Global Insights

THE MOBILE PAYMENTS READINESS INDEX:A GLOBAL MARKET ASSESSMENT


While it’s early days for the adoption of mobile payments globally, some markets are making progress toward attaining the right mix of market forces and consumer acceptance. 


That’s among the top-level findings of the 
MasterCard Mobile Payments Readiness Index (MPRI), a rigorous, data-driven survey of the global mobile payments landscape. Using public and proprietary data, as well as original market research, the survey gauges the preparedness and receptivity of 34 countries for mobile payments of three varieties—person to person (P2P), mobile e-commerce (m-commerce), and mobile payments at the point of sale (POS).
On a scale of zero to 100, the 34 countries achieved an average mobile readiness score of 33.2. No market reached a score of 50—indicating there is still work to be done before mobile payments become mainstream. Other top-level findings include:

• No two global markets are identical; each is driven by local conditions of environment, infrastructure, regulation, and financial services.
  
• In the vast majority of markets, more consumers are currently using mobile payments for m-commerce than for person-to-person or point-of-sale transactions.
  
• Consumers are typically drawn to mobile payments either for access to electronic payments (mainly in developing economies) or the convenience of mobile phone payments (in the developed world).
  
• Conditions on the ground, such as a stable telco network, established financial services, and progressive regulation, do not ensure consumer readiness—the one essential variable—in any given market.
  
  EXECUTIVE SUMMARY
  MasterCard believes that a score of 60 on the MPRI will indicate that a market has reached the inflection point—the stage at which mobile devices account for an appreciable share of the payments mix. The most advanced market in the Index, Singapore, attained a score of 45.6.
  To be ready for mobile payments, markets need to achieve a balance of high scores across
  the six components that comprise the Index: Environment (economy and scale), Infrastructure (telecommunications and technology), Regulation, Financial Services, Consumer Readiness, and Mobile Commerce Clusters (the degree of integration and partnering among banks, telcos, and the government).
  Some global markets lead in certain components, while falling behind in others. A close reading of the findings reveals that most markets are still capable of being molded in the interests of consumers looking for convenience, security, and financial inclusion.
  
  

To take a look at the report, click here:  

VeriFone SAIL challenges Square payments

ePaymentNews                    9 new results for NFC Mobile Payment

ViVOtech NFC Software Selected For The Telecom Council Innovation Showcase At ... MarketWatch (press release) ... and ViVOtech's readers are deployed globally, providing the mechanism through which consumers can make payments using traditional magnetic strip credit cards and contactless smart cards and NFC-equipped mobile devices. "NFC and mobile commerce are ... See all stories on this topic »

VeriFone SAIL challenges Square payments SlashGear Previewed earlier this week, VeriFone SAIL supports not only mobile card readers for iOS and Android devices, plugging in via the 3.5mm headphone socket, but integration with the traditional VeriFone countertop cardreaders for use with NFC, mobile ... See all stories on this topic » SlashGear

Gemalto Front and Center for All Things Mobile at International CTIA Wireless 2012 MarketWatch (press release) The wireless industry has seen momentous movement in the areas of LTE, mobile NFC payments and M2M evolution, creating new opportunities for mobile network operators to act as service providers. Gemalto will showcase its complete portfolio of products ... See all stories on this topic »

EricssonIPX aiming to attract NFC developers with TSM testing kit Mobile Europe With the launch of the kit, Ericsson hopes to boost the advancement of compelling NFC applications, within access control, payment, loyalty or ticketing. Richard Anell, Head of IPX, Ericsson, says; "We are making this development kit available to ... See all stories on this topic »

Want To Know What Apple Will Do Next In Mobile Commerce? Check Out The Pirq ... Centralia Chronicle As device makers like RIM, Samsung and Nokia incorporate NFC technology into their mobile devices, Apple has been radio silent on what its plans will be in mobile commerce and payments. But a deal that is getting announced today could be a clue to one ... See all stories on this topic »

LG Showcases Impressive Line-up Of LTE SuperPhones At CTIA 2012 MarketWatch (press release) NEW ORLEANS, May 8, 2012 /PRNewswire via COMTEX/ -- LG Mobile will demonstrate leadership in LTE technology at CTIA 2012 by showcasing a wide range of cutting-edge mobile devices. Beginning today, visitors to the LG Booth (#3133) will have the ... See all stories on this topic »

The Middle East's paperless revolution takes centre stage at Cards & Payments ... AME Info ... cards and payments, ecommerce and ID industries will congregate in Abu Dhabi next week to discuss new strategies and partnerships that will drive the Middle East's paperless revolution and huge growth in mobile payments and contactless smartcards. See all stories on this topic » AME Info

The Morning Download: CIOs Caught in Jobs Trap Wall Street Journal (blog) The new offering, called PayPass Wallet Services, will also enable third parties to create payment systems under their own brands, reports Computerworld's Stephen Lawson. Credit card giant moves into growing mobile transaction market. See all stories on this topic »

SIA 2011 Annual Report Approved Bobsguide (press release) As far as m-payments are concerned, new projects were started up in the sectors of mobile remote payments, P2P money transfers, and proximity payments through NFC technology. In the area of e-payments, the company is also developing competitive ... See all stories on this topic »

---

Mobile Payments to Spread Globally in One to Four Years (INFOGRAPHIC)

According to research compiled by SapientNitro, mobile payments should spread to the global mainstream in just one to four years.

MasterCard introduces digital wallet heats up Space

News 29 new results for "Mobile Payment"

99Bill's Smartphone Card Reader to Enable Massive Mobile Payment in China MarketWatch (press release) BEIJING, May 8, 2012 /PRNewswire via COMTEX/ -- 99Bill Corporation, China's leading electronic financial service provider, announced the official launch of its new mobile payment product 99Bill Card Reader. By simply plugging the tiny 99Bill Card ... See all stories on this topic »

PayAnywhere Mobile Payments App and Credit Card Reader Now Available in ... MarketWatch (press release) With a complete set of mobile payments features, around the clock customer support and an online Merchant Portal, PayAnywhere is the most comprehensive mobile payment solution available in BlackBerry App World. Vendors and merchants using BlackBerry ... See all stories on this topic »

MasterCard introduces digital wallet USA TODAY (blog) By Roger Yu, USA TODAY MasterCard said Monday it'll launch a digital wallet later this year, a mobile payment system designed to speed consumer purchases online or via mobile apps. MasterCard currently operates PayPass services at stores, a contactless ... See all stories on this topic » USA TODAY (blog)

T-Mobile Partners with Vesta for a Convenient Prepaid Payment Android Application MarketWatch (press release) NEW ORLEANS, May 8, 2012 /PRNewswire via COMTEX/ -- CTIA WIRELESS 2012 - T-Mobile USA, Inc. and Vesta announced today the availability of the T-Mobile Refill application, a convenient mobile payment solution that lets T-Mobile prepaid customers refill ... See all stories on this topic »

VeriFone outs Sail mobile payment system, gives Square the evil eye Engadget By Jon Fingas posted May 8th 2012 9:23AM VeriFone has decided that calling out claimed security holes and focusing on enterprise-level payment options aren't enough to take on Square. Sail goes more directly for Square's jugular, using its own plug-in ... See all stories on this topic »

AuthenTec Introduces New Fingerprint Sensor Targeted for Secure Mobile Payment ... MarketWatch (press release) AuthenTec (NASDAQ:AUTH) , a leading provider of mobile and network security, introduced today a new smart fingerprint sensor tailored for mobile commerce (mCommerce) applications requiring strong but effortless security in today's NFC-equipped ... See all stories on this topic »

PayAnywhere Soon Sold Everywhere MarketWatch (press release) With the most complete set of mobile payment features, around the clock customer support and online Merchant Portal, PayAnywhere is the most comprehensive mobile payment solution available to merchants. Beginning this summer merchants can pick up the ... See all stories on this topic »

Android Smartphone Owners Increase Mobile Payment Application Use by 8 Percent ... Virtual-Strategy Magazine Android smartphone users engaged in mobile payment applications are on the rise, growing 8 percent since August to nearly 35 percent, according to new SmartMeter* data from leading market research company, The NPD Group's Connected Intelligence®. See all stories on this topic »

Battle For Supremacy Brewing Among The Mobile Payment Processors Seeking Alpha The program, which is designed to integrate smartphone devices with near field communication capabilities, has certified these devices with hopes of a smooth transition into MA's mobile payment system. The transition would be critical for consumers ... See all stories on this topic »

MasterCard Announces Wallet Services For Paypass Forbes MasterCard's Paypass is already one of the biggest names in contactless payments, but it appears that the credit card company is looking to making a bigger bid at controlling a large portion of the mobile payment market. See all stories on this topic »

Merchant Warehouse, LevelUp team up for mobile payment services Banking Business Review Merchant Warehouseand LevelUp have joined hands to enhance and strengthen both organizations' mobile payment and mCommerce capabilities. LevelUp chief ninja Seth Priebatsch said the mobile payment landscape continues to evolve and the new team will ... See all stories on this topic »

Come Sail away with Verifone's new payment platform — yet another Square wannabe VentureBeat After launching the clunky PayWare credit card reader in early 2010, payment provider Verifone is today announcing Sail, a revamped mobile payment platform with a sleek new dongle to combat the similar offerings from Square and PayPal. See all stories on this topic » VentureBeat

SalesVu for iPhone and iPad, Vying for Top Spot in Mobile Payment Wars prMac (press release) According to Pascal Nicolas, SalesVu founder and CEO, SalesVu 2.0 provides more value than most point-of-sale and mobile payment solutions while offering the lowest credit card processing fees. "We listened to thousands of SalesVu users across various ... See all stories on this topic »

Small and Medium-Sized Businesses Set SAIL with VeriFone SYS-CON Media (press release) SAIL by VeriFone is an open and flexible mobile payment solution that eliminates complicated processing statements and simplifies the retail checkout process, giving merchants more time to focus on managing and growing their business. See all stories on this topic »

MasterCard releases new global index measuring mobile payment readiness Mobile Payments Today MasterCard Worldwide has introduced a new topic for the mobile payment industry to debate. No longer is it just about when mobile payments will happen, but it's also about where will mobile payments will happen. MasterCard announced the debut of its ... See all stories on this topic »

Merchant Warehouse, LevelUp partner strengthen mobile payment capabilities Computer Business Review Payment applications and merchant services provider Merchant Warehouse and LevelUp, the pay phone app have entered into a partnership to expand both organisations' mobile payment and mCommerce capabilities. The partnership offers an integrated ... See all stories on this topic »

MasterCard: Mobile Payment Systems Spread Globally eCreditDaily.com Of the three mobile payment types, more consumers (71 percent) had engaged in mobile web commerce, or "m-commerce," of the countries surveyed. In addition, MasterCard found that partnerships among the key players in the mobile payments "ecosystem" are ... See all stories on this topic » eCreditDaily.com

MasterCard slates Australian release for mobile payment tool Technology Spectator Australian consumers will soon be able to use their phones to pay for products at retail stores, with MasterCard slating their mobile payment solution, PayPass Wallet, for release in Australia later this year. According to News.com.au, ... See all stories on this topic »

VeriFone officially announces new SAIL mPOS solution Mobile Payments Today That solution is more appropriate for companies looking to add a mobile payment option to an existing payment infrastructure whereas SAIL is for companies who will rely on a mobile device as their only choice for processing credit and debit card ... See all stories on this topic »

Verifone set to launch Square competitor SlashGear Square and Paypal are both vying for the mobile payment space, but there's about to be a third competitor: Verifone. Business Insider reports that Verifone is set to announce its own mobile payment hardware tomorrow. Dubbed the SAIL, it will plug into ... See all stories on this topic » SlashGear

MasterCard's 'PayPass' is Newest e-Wallet Service eCreditDaily.com MasterCard is introducing PayPass Wallet Services, a new mobile payment platform for merchants, banks and partners that allows consumers to make purchases in stores or online with a "simple click of the mouse, touch of the tablet screen or tap of the ... See all stories on this topic » eCreditDaily.com

Venmo Makes Mobile Payments Friendlier Among Friends DailyFinance So with mobile payment platforms like Square growing rapidly, an app like Venmo was a logical evolution. It launched in an invite-only beta phase in February 2010, and already handles $10 million in transactions a month. The venture has acquired enough ... See all stories on this topic »

Mobile Planet: Which Countries Are Most Prepared to Pay by Phone? Mashable Even so, we're a long way away from worldwide mobile payment adoption, according to the index. The MPRI gives each country a number identifying its readiness for mobile payments based on person to person, mobile commerce and mobile payments at the ... See all stories on this topic »

Mobile Shopping Made Easier With payD AllAfrica.com Other partners include MasterCard, through its recently launched MasterCard Mobile payment platform; PayU, which currently processes 65% of all online payments in South Africa; and Vodacom's new Express Recharge pre-paid airtime top-up service. See all stories on this topic »

Nation Carries E-Tax to Mobile Phones AllAfrica.com ... registered with the tax body through their web portal while the unregistered payments are those that include the express penalty from the traffic police or those whose payment is initiated, processed and completed on the Mobile Payment platform. See all stories on this topic »

Mobile payments in stores: the big Catch-22 InternetRetailer.com ... out how to turn the phone into a compelling payment and loyalty device. My bet is regulators will still be weighing the merits of the various mobile payment joint ventures when that truly innovative idea comes along and changes the landscape forever. See all stories on this topic »

Belly fastens on $10M to build an eccentric loyalty app VatorNews While several companies are looking for ways to incorporate a loyalty program within mobile payment apps, one startup from Chicago is creating a new universal loyalty app that help reap some odd rewards. Belly just announced Tuesday morning that it ... See all stories on this topic »

JiWire: 37% Of Cell Owners Using 'Mobile Wallet' Services MediaPost Communications The report appeared to define the term loosely as any type of mobile payment made at the point of sale. Of those who have not used mobile wallet services, 8% said they would like to, and 14% didn't know what a mobile wallet is. See all stories on this topic » MediaPost Communications

MXit launches its own geo-fenced payment system Memeburn According to the Stellenbosch-based startup, its staff has been using a "geo-fenced mobile payment" system since early April. The application is called Gust and a Beta version is expected to be ready in June. MXit earlier this year announced its mobile ... See all stories on this topic »

Blogs 12 new results for "Mobile Payment"

Battle For Supremacy Brewing Among The Mobile Payment ... By Matt Schilling The program, which is designed to integrate smartphone devices with near field communication capabilities, has certified these devices with hopes of a smooth transition into MA's mobile payment system. The transition would be critical for ... SeekingAlpha.com: Home Page

GoPago Treats San Francisco to Innovative Mobile Payment Service ... By Shawn Hess There's no doubt the future of payments exists in our mobile devices and GoPago is another great example of how mobile technology is bringing innovation to the marketplace. San Francisco businesses and customers alike are being treated ... WebProNews

SalesVu for iPhone and iPad, Vying for Top Spot in Mobile Payment ... By admin SalesVu has released SalesVu 2.0 for iPhone, iPod touch and iPad users. This new update solidifies SalesVu's technology leadership position as the only mob... MacMegasite

Dubai: mPay offers auto-payment facility | Mobile Money Africa By Editor Dubai eGovernment has added new features to its mobile payment gateway, mPay, which will speed up the transaction of government fees or charges. A number of government entities are currently using this service, which covers Salik ... Mobile Money Africa

Africa Goes Mobile By rmenardi In Kenya, a mobile payment system called M-Pesa is saving Kenyans over $4 million a week in travel fees. And companies like SmartMoney give Africans access to secure payment systems — especially in rural areas, where the people are ... Torsion Mobile

Mobile Payments on the Rise, PayPal and Amazon Ahead of Google ... By Saroj Kar According to a recent study by Canadian-based provider of market intelligence services, IE Market Research (IEMR), global mobile payment market revenues will rise from $47.2 billion in 2011 to $998.5 billion in 2016. Security research firms ... SiliconANGLE

Euro Round-Up is now EMEA Round-Up! : New 'O2 Wallet'; FT Kills ... By Romany In addition to PINs and passwords, all personal details and financial data are held on remote central servers rather than on the mobile device itself. This, we believe, is the safest and most secure way to deliver mobile payment services." ... ExchangeWire.com

Verifone: Payment Processing Giant Strikes Back Against Square ... By Matt Rosoff Anyone who uses " SAIL " : can SAIL their business right down the toilet - Because if Verifone wins a mobile payment processing war - You just know they will jack up all the rates and payment processing will go back to being the no innovation ... Business Insider

Geo payments hotting up, MXit enters market with Gust payments ... By Kelly Levinsohn With the unofficial launch of FNB's new GeoPayment app yesterday, Mxit has hit back with a geo-fenced mobile payment application of their own. The application is called Gust and a Beta version is expected to be ready in June. While Gust ... Bandwidth Blog

HTC Droid Incredible 4G LTE Coming to Verizon Wireless Unlike the HTC One S, the Incredible 4G LTE includes an NFC chip, which means you'll be able to share content via Android Beam and take advantage of mobile payment services like ISIS when that rolls out. Other highlights include Beats ... LAPTOP Mag Main Feed

Google Wallet: Digitizing the traditional Purse and Wallet By Guest Writer Because AT&T, along with T-Mobile and Verizon, intend to release their own mobile payment service called Isis. In fact, we've recently learned that the service will be launched this summer in selective cities starting with Salt Lake City, UT and ... Craving Tech -Technology and Reviews

Digica.sh Estimated Value $453.60 USD » Digica Digica.sh - Digicash - Next generation mobile payment Digica. Added: 2012-05-07 22:38:33. 63. Daily Visits. Amount of traffic during 24 hour period. WideStat uses its own data to calculate the number of daily visits. $1. Daily Revenue ... WideStat.com - Website Worth...

Web 4 new results for "Mobile Payment"

MasterCard's PayPass to offer mobile payment services Mastercard has announced its PayPass Wallet Services that allows customers to pay using their smartphone or tablet; American Airlines will be among the first ... www.phonearena.com/.../MasterCards-PayPass-to-offer-mobil...

China UnionPay expands mobile payment operations with UCWeb ... China UnionPay, the only issuer of credit cards in China which has issued nearly 3 billion debit and credit cards, further expanded its mobile payment operations ... www.wantchinatimes.com/news-subclass-cnt.aspx?cid...

Pay Anywhere Exhibits Groundbreaking Mobile Payment Solution at ... PayAnywhere Soon Sold Everywhere. Award winning mobile payment system for merchants of all types and sizes ready to hit shelves at retailers around the ... www.virtualpressoffice.com/publicsiteContentFileAccess?...

BlackBerry: What's the best mobile payment reader (like Square) for ... BlackBerry: What's the best mobile payment reader (like Square) for Blackberry Torch 9810? Post. Add Answer. B; I; U; @. Edit Link Text. Show answer summary ... www.quora.com/.../Whats-the-best-mobile-payment-reader-lik...

---

Tip: Use quotes ("like this") around a set of words in your query to match them exactly. Learn more.

Delete this alert.
Create another alert.
Manage your alerts.

AuthenTec Introduces New Fingerprint Sensor Targeted for Secure Mobile

Web 1 new result for NFC Mobile Payment

AuthenTec Introduces New Fingerprint Sensor Targeted for Secure Mobile New AES2750 Combines Best-in-Class Security with Innovative New PackagingHighly Optimized for NFC-Based Mobile Payment SecurityNEW ORLEANS--(BUSINESS ... www.fiercewireless.com/.../authentec-introduces-new-fingerpri...

---

"Gang of Four" faced with challenges in the mobile commerce industry

News 3 new results for NFC Mobile Payment

FNB innovates with GeoPayments ITWeb First National Bank (FNB) has released what it claims to be the country's first location-based cashless mobile payment option. GeoPayments is a new feature of the FNB Banking App, which allows for person-to-person payments within a range of 500 metres, ... See all stories on this topic » ITWeb

"Gang of Four" faced with challenges in the mobile commerce industry QR Code Press Mobile commerce is quickly becoming a powerful force in the financial industry. This form of commerce is supported heavily by aggressive investments from some of the world's largest technology companies and their continuous development of NFC ... See all stories on this topic » QR Code Press

O2's launch of "half-baked" O2 Wallet app creates a backlash among Facebook fans Wave: Mobile operator O2 have followed the same approach with the new O2 Wallet app, allowing users to perform transactions using their mobile phone. With O2 Wallet, O2 is joining the UK's mobile payment services, including the ability to send and receive ... See all stories on this topic »

---

Apple's NFC-Enabled Payment Wallet to be Dubbed iPay

Apple's NFC-Enabled Payment System To Called iPay According to analyst, a mobile payment service incorporating NFC technology will be ... theiphonenerd.com/apples-nfc-enabled-payment-system-to-cal...

---

SMARTRAC to Sponsor and Present at NFC Bootcamp(TM) Training Series

News 2 new results for NFC Mobile Payment

SMARTRAC to Sponsor and Present at NFC Bootcamp(TM) Training Series MarketWatch (press release) The NFC Bootcamp delivers high quality knowledge transfer from near field communication (NFC) experts about what NFC is, how it is being employed, what are some of the business models and how you can take advantage of the technology in your business. See all stories on this topic »

Mobile Panel @ TiECon2012- Emerging Trends, Applications & Opportunities to be ... The Viodi View Is iAd (Apple's mobile advertising network) to be deemed a failure?" "NFC (Near Field Communications) is supposed to be the savior for mobile payments, but it seems it is only used for everything outside of payments?" "Cellular data traffic (3G, ... See all stories on this topic »

---

VeriFone targets Square with new Sail payment platform

Blogs 3 new results for NFC Mobile Payment

Nokia 603 and Nokia Lumia 610 NFC get Mastercard Paypass ... By Jay Montano By working closely with standards bodies including EMVCo and the NFC Forum, MasterCard continues to lead the industry in testing and certification processes for mobile payment devices. Devices certified by MasterCard go through a ... My Nokia Blog

MasterCard Unveils 'The Future of Payments' [LIVE] By Emily Price Near-Field Communication (NFC) allows data to be transferred by tapping a phone on the surface. In the case of mobile payments, payments can be made by tapping your NFC-capable phone at a merchant rather than handing over your ... Mashable » Mobile

VeriFone targets Square with new Sail payment platform — Tech ... By Ryan Kim SAIL, which comes with its own mobile payment dongle, also puts more big name pressure on Square, which has been an early leader in mobile payments for small businesses. The SAIL platform, which was developed through VeriFone's purchase this year of ... They will also be able to hook into traditional point of sale hardware, which will help merchants that want to support new standards like NFC and EMV. With SAIL, VeriFone is going beyond what it used to offer with its PayWare ... GigaOM