mopay Looks at M-Payment Trends for 2011

Jan. 10, 2011

mopay, a payment solutions provider for online merchants based in Munich, Germany, recently released a report identifying several trends that will have a significant impact on the burgeoning mobile payments industry in 2011, including massive growth of the market in North America, increased consolidation and lower transaction costs. “This past year was a boom year for the mobile payments industry around the globe,” said Kolja Reiss, managing director of mopay, Inc. “With the foundational work that occurred in 2010 past us, 2011 is shaping up to be the year that mobile payments see widespread penetration around the globe.” During the balance of 2011, mopay expects several major trends the gather steam:

  • Major merchants, particularly e-commerce merchants will leverage AT&T and Verizon’s intention to open their networks by adding mobile as a means of payment, making it ubiquitous before the holiday season.

  • Consolidation and acquisition will accelerate as major industry players—credit card issuers, handset manufacturers, telecommunications companies and blue-chip Internet heavyweights—are likely to acquire top mobile payment providers.

  • Like Facebook Credits this year, alternate virtual currencies will continue to proliferate.

  • Mobile payments will expand beyond primarily a way to pay for digital goods to increasingly encompass physical goods.

  • Although mobile payment transactions will remain more expensive than traditional credit card transactions, 2011 will see major movement towards the new global transaction cost benchmark of 10-15 percent.


  • EC Seeking Feedback on Cross-Border VAT Rules - Oct. 1, 2015
    EC Seeking Feedback on Cross-Border VAT Rules

    The European Commission (EC) is inviting businesses, industry groups and members of the public from around the world who engage in European cross-border e-commerce to help identify ways to simplify the Value-Added Tax (VAT) on those kinds of transactions.

  • Apple App Store Experiences First Large-Scale Hack - Sept. 21, 2015
    Apple App Store Experiences First 

Large-Scale Hack

    On Sunday, Apple acknowledged reports that had been leaking out during the second half of last week that said the App Store had been hacked on a large scale for the first time, with perhaps hundreds of apps infected with malicious code having been approved by Apple's stringent app review process.

  • Report: Worldpay Goes IPO - Sept. 21, 2015
    Report: Worldpay Goes IPO

    U.K.-based e-commerce acquirer and processor Worldpay, which has been courted by several high-profile companies as a possible acquisition target worth up to $9 billion, seems to have resolved to go the IPO route, according to a regulatory filing made public on Friday.

  • PayPal Bets on Gambling - Sept. 17, 2015
    PayPal Bets on Gambling

    According to an iGaming Business report, PayPal has reevaluated its position on processing payments for online gambling sites and has integrated with several gambling Websites.




Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:





CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here