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Visa is a different company this week – and it’s all thanks to mobile

By | m-commerce, Mobile Money, Opinion | No Comments

There was a time when a payments network had to do one thing: verify and process transactions made with pieces of plastic in shops. Not any more. Payments have gone virtual. People expect to make them anywhere. Last week, Visa responded to this change by turning into a software company. Tim Green looked more closely… Did you happen to catch the Visa announcement a few days ago? You know, the one that said: the developers have won and now we’re changing everything. Actually it didn’t say that. It said: ‘Visa Opens its Global Network with Launch of Visa Developer’.

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A year of developments: The three key FinTech disruptions of 2015

By | Opinion | No Comments

They’re everywhere. Digital disruptions in FinTech are proliferating at an unprecedented rate. The rise of hundreds of FinTech startups in 2015 from lending platforms all the way to virtual marketplaces that are changing the way we use and look at financial services. But what exactly were the most radical sectors of FinTech in 2015? Mobile payments experts and MEF Member Novatti take an in depth look.

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Mobile money in Mexico [infographic]

By | Infographic, MEF LatAm | No Comments

Globally, mobile financial services are becoming the preferred way for consumers to perform an array of financial services or simply interact with their bank. This trend is particularly true of growth markets where mobile is the catalyst for financial inclusion.

This infographic from Amdocs and Ovum explores how and to what extent, different consumers in three LatAm countries (Mexico, Guatemala and Columbia) use mobile financial services.

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Mobile market stats round-up: 8 Feb

By | Featured Post, Stats Roundup | No Comments

Which mobile product has grown 400 million times over the past 15 years? And which company aims to have 5m of the world connected by 2030?
You’ll find the answers to these and many more mobile data related questions in this week’s MEF market stats round up… In 2001 there was barely any such thing as mobile data. Now, traffic is at 3.7 exabytes a month.
That’s the headline finding of Cisco’s Visual Networking Index. It reveals that the spiralling of mobile data traffic is nowhere near done. In fact, it grew 74 per cent in 2015, and could hit 30.6 exabytes a month by 2020.

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Global Mobile news round-up: 05 February 2016

By | Featured Post, News Roundup | No Comments

Find out the week’s top mobile stories from around the world.

This week.. WhatsApp tops a billion monthly users, Microsoft buys Swiftkey for $250m, Google blocks the ad blockers and much more.Mobile messaging service WhatsApp is now used by a billion people every month, Facebook has reported.

The Facebook-owned app now outperforms the social network’s own Messenger mobile app, which has 800 million monthly users.

The company said 42 billion messages and 250 million videos were sent over WhatsApp daily.

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An exclusive glimpse behind the scroll wheel of the Apple Car

By | Automotive, Featured Post, Opinion | No Comments

The new Apple Car won’t have door handles and will be incompatible with all your other cars. But that won’t stop you wanting one. Tim Green takes a light-hearted look at Apple’s move into motoring…

The tech blogs have been buzzing for months about the prospect of the Apple Car. Apparently engineers have been leaving Tesla to go and work at Infinite Loop. And let’s face it, Apple desperately needs something new to reverse its fortunes.

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Automotive focus: Can your car be your mobile wallet?

By | Featured Post, Tech Focus | No Comments

If automobiles are becoming a little like smartphones on wheels, why shouldn’t they make payments too?

At CES in 2015, Mark Fields, CEO of Ford, stood up and said: “We’re thinking of ourselves as a mobility company and not only a car and truck company. We want to be viewed as being part of this community.” At CES in 2015, Mark Fields, CEO of Ford, stood up and said: “We’re thinking of ourselves as a mobility company and not only a car and truck company. We want to be viewed as being part of this community.”

It was a bold claim, but a necessary one given the way consumers are feeling: research by Accenture says 39 per cent of the world’s drivers value connected tech higher than anything else when buying a new car. The same survey said just 14 per cent care most about power and handling.

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Biometric data: the next step in consumer authentication

By | Security | No Comments

The way in which consumers verify their identity online is rapidly changing, a development being driven forward by biometric data. Carlos Häuser, MD at MEF Member Wirecard Technologies explains.
Consumers should probably not be too surprised if they soon find themselves being addressed as follows: “Dear customer, please turn on your webcam and have your ID at the ready. We will shortly conduct a brief ID check”. This kind of procedure may, for example, be introduced for opening an online account in order to verify a customer’s identity, thereby making the personal signature a thing of the past.

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