Mr Deturche Gemalto The Mobile
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This document discusses the growth of mobile payments and financial services using mobile wallets. It outlines that developed and emerging markets are seeing a wave of mobile proximity payment initiatives using near field communication (NFC) technology. The mobile payments market is growing significantly and expected to reach $630 billion by 2014. NFC devices and phones are reaching mass markets which will help drive further adoption of mobile wallets and payments. This represents a major opportunity, especially to provide financial services to the 80% of the world population that is currently unbanked.
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Mr Deturche Gemalto The Mobile
- 1. The Mobile, your preferred Wallet Jean-Claude Deturche Senior Vice President Mobile Financial Services November 17th, 2011
- 2. The Mobile is Revolutionizing the Global Financial Market Developed Markets Emerging Markets Banking & Financial Management Proximity and Remote payments P2P transfers Branchless banking Bill payment P2P transfers Bill payment Payments to merchants Salary/welfare disbursement Micro-financing 2
- 3. Since 2010 A Wave of Mobile Proximity Payment Initiatives 3
- 4. Thank You
- 5. NFC devices are reaching mass market NFC PoS deployment driven by contactless cards roll-out Contactless payment card 85% of POS terminals to shipment will grow by 30% 21% of Ingenico POS support contactless in 2011 (after 50% growth in shipped in 2010 were NFC payments in 2016 2010) Eurosmart Jan2011 ABI Research Ingenico NFC phones are reaching mass market SIMs are available for Samsung, LG, Nokia, RIM… Battle over SE control on- commercial deployment Forecast at 630Mu in 2015 going – Google Nexus S Informa Sept2011 5
- 6. The Market Opportunity Mobile Payments • Juniper: Mobile Payments will grow from $170B in 2010 to almost $630B in 2014 • Number of mobile payment users will grow from 351 million to 1.06 billion • Mobile payment transactions will grow from 37.4 billion to 1.13 trillion • Location-Based Services and Mobile Advertising are driving the shift to mobile payments • NFC anticipated as a true game changer if ecosystem can be created Banking the Poor • 80% of the world population is unbanked - traditional banking does not cater to the “base of the pyramid” • Bank branch and ATM penetration is lowest in countries with the highest mobile subscription growth rates • Mobile wallets make it possible to extend basic formal financial services to the poor – for cash deposit, withdrawal, money transfer and payments • Gartner: Annual revenue from mobile banking for the unbanked in emerging markets will reach $8 billion by 2012 21/11/2011 6
- 7. Gemalto has unrivalled NFC experience and references 6 years of investment, 45 Projects to date v v v Unique relationships with most major banks, telcos and transport operators 7