Mobile payment systems present unique growth opportunities for handset manufacturers and mobile operators, and...
July 14, 2010
Mobile payment systems present unique growth opportunities for handset manufacturers and mobile operators, and these opportunities should increase as operators deploy 4G networks and services, according to the latest report from the Heavy Reading 4G/LTE Insider, a paid research service of TechWeb’s Light Reading (www.lightreading.com).
Mobile Payments: Opportunity in the Run-Up to 4G evaluates the current state of mobile payment systems in terms of adoption rate, applications they are supporting worldwide, and the major components of emerging mobile payment system architectures.
It identifies and analyzes companies that are offering various technologies and/or platforms targeting customers that want to implement a “mobile payment” system and the components that enable such a system. The report also evaluates those companies’ current offerings and discusses the challenges they face as they pursue opportunities as mobile networks progress toward 4G implementation.
“The idea of mobile payment systems began taking shape in the early 2000s, primarily overseas in developing African and southeast Asian economies,” notes Aileen Arcilla, research analyst with Heavy Reading 4G/LTE Insider and author of the report.
“Since those first deployments, other developments have made operators consider the growth opportunities of supporting mobile payments.”