Mobile & Electronic Payments
Mobile and electronic payments are quickly gaining ground among both developed and emerging markets. Among developed countries, a well-established banking structure, high computer literacy and internet penetration combine to support e-payments growth. In emerging countries, the proliferation of mobile devices means m-payments are being adopted as an alternative to traditional banking services.
Today’s challenge
According to the World Payments Report 2013, three forces are driving growth in m- and e-payments transactions: increased penetration of smart phones and internet usage; advances in technology; and innovative products and services. Industry expectations are that m-payment transactions will grow 58.5% annually to 28.9 billion transactions in 2014 while e-payments are expected to grow by 18.1% yearly in the same period to a total of 34.8 billion transactions.
Capgemini’s solution
Capgemini can help your bank plan and execute the right strategy to take advantage of e- and m-payment trends. By combining consulting and technology experience with our domain expertise in payments and telecommunications, Capgemini can bring together the skills you need to chart a path forward. Our solutions include:
- Consulting for mobile and telecommunications. Explore how Capgemini performed a business feasibility assessment and study of a regional mobile banking solution for a leading European bank and mobile operator
- Mobile strategy definition
- Business case design
- Platform selection
- Implementation and roll-out. Learn how we rolled out a mobile payments reporting application in less than nine weeks
Expertise where it counts
Capgemini has supported multiple initiatives including:
- Mobile payments potential for a consortium of three banks and MNO
- Operating model design for a mobile money operator
Hear more on Capgemini's perspective on NFC and mobile payments innovation from Deborah Baxley, our Payments Expert, in this Smart Card Alliance Expert Series Video.
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