Mobile payments: Adding a whole new meaning to charging your phone
Thought Leadership
Mobile Payments: Are you Ready for the Early Majority?
Looking at strategic options for mobile operators.
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Capgemini, ABN AMRO and EFMA present the 3rd annual World Payments Report.
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Banks and telecom companies around the world are seeking opportunities to diversify and increase their revenue. At the same time, consumers are demanding new and convenient payment methods that ensure the security of their personal information.
Mobile Payments: Charging Your Phone
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Capgemini highlights the potential of the mobile payment market for banks and communications operators, outlining the key issues players must address based on our experience with Rabobank.
Research estimates that the mobile payments market for mobile operators will reach €913million in 2008 and over €8.7 billion in 2012 in Europe alone. Banks and telecom operators must position themselves now to reap the benefits of this growing trend.
Mobile payments, or M-Payments, satisfy the needs of businesses and consumers all at once. Banks and telecom companies create a new source of revenue; customers gain the ability to use their mobile phones and PDAs to carry out cashless financial transactions anytime, anywhere.
“In the wide spectrum of mobile Financial Services, Mobile Payment stands out as a compelling proposition set for mass market adoption. Players in the relevant industries – particularly telecom operators, financial services players, retail and transportation providers – must act swiftly if they are to seize the advantages of this opportunity.”
– Jean Diop, Vice President, TME Consulting, Benelux
Our Expertise
Capgemini brings together financial institutions and mobile operators to build profitable partnerships in mobile transactions. We work with you to develop an M-Payments Solution that best suits your business strategy and goals, whether your interest lies in proximity M-Payments or remote payment transactions via SMS or internet.
Capgemini is leading the way in this emerging market. Our teams have successfully implemented M-Payments Solutions in France and the Netherlands. In November 2006, we helped Rabobank launch “Rabo Mobiel,” an initiative that offers retail customers mobile prepaid and postpaid phone services as well as mobile banking and payment services.
Capgemini also offers a full range of Payments solutions, within our Financial Services practice.
Contact Us
If you have specific business needs or objectives that you would like to discuss, or if you’d like an M-Payments specialist to get in touch with you, contact us.
