PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Popularity of Smartphones and Collaboration within Industry Fuels Expansion of M-financial Services Finds Frost & Sullivan - Range and sophistication of mobile financial services to expand during the next five years in Europe - IPCommunications.Frost.com
Popularity of Smartphones and Collaboration within Industry Fuels Expansion of M-financial Services Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/07/18 - Range and sophistication of mobile financial services to expand during the next five years in Europe - IPCommunications.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The European market for mobile (m)-financial services is characterised by a relatively high uptake of m-banking services, the emerging adoption of m-payments, and an opportunity for long-term growth in international m-remittances (mobile money transfers).

New analysis from Frost & Sullivan (ipcommunications.frost.com), Mobile Financial Services - A Technology and Market Analysis forecasts a fourfold growth in the number of European m-banking users over the next 6 years, and expects that the value of transactions of mobile payments will increase to €72.33 billion by 2018.

"The European m-financial services market is poised to grow due to the proliferation of smartphones," says Frost & Sullivan Industry Analyst Mario Fernandez. "In 2011, sales of smartphones accounted for more than 50 per cent of the total handset sales in the Nordics and Western Europe, and CEE countries are rapidly catching up."

From a technology perspective, SMS-based services currently dominate the market. However, Frost & Sullivan believes that Internet-based applications will be increasingly important in spurring growth of the m-banking and m-payments in the short and medium term. In countries, where the contactless infrastructure is developing, near field communication (NFC) technology will play a fundamental role in the expansion of the m-payments market in the long term.

"Collaboration among participants of the telecom, financial services and IT industries will lead to further growth in the m-payments market," notes Fernandez. "Similarly, a more proactive approach from banks to exploit the mobile channel will stimulate the growth of the m-banking market."

However, existing business models and the high satisfaction of end users with the current means of payments or services delivered through the bank branches are issues that negatively affect the development of m-financial services. In addition, mobile financial services are presently sold under the premise of ‘one size fits all’ and their value proposition is vague. As a result, end users tend to prefer traditional channels, such as bank branches or online banking, than the mobile one.

"Service providers and technology vendors should work together in designing highly customized m-financial services that focus on customer convenience," concludes Fernandez. "Leveraging the unique advantages of mobile devices together with higher customization seems a viable alternative to deliver true value to end users."

Mobile Financial Services - A Technology and Market Analysis provides an insight of the latest trends across the European mobile financial services (m-payments and m-banking) market along with strategic recommendations to key stakeholders. In addition to examining the challenges telecom operators and financial institutions face in implementing mobile financial services in Europe, the study considers the emergence of dedicated technical solutions, the omnipresence of mobile devices, and new usage.

If you are interested in more information about this study, please send an email with your contact details to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com.

Mobile Financial Services - A Technology and Market Analysis (9845-63) is a part of the Market Insights – ICT subscription, which also includes research such as Opportunities in the Low Value Cash Market, How to Win the Payment War: A Payment Processing Platform Outlook, Cloud Computing in the European Banking Sector, ICT Solutions for the European Insurance Market, among others. These Market Insights are part of Frost & Sullivan Growth Partnership Service.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Popularity of Smartphones and Collaboration within Industry Fuels Expansion of M-financial Services Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Joanna Lewandowska 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

LexisNexis Wins 21 Awards from Two Prestigious Publications
Frost & Sullivan Commends AutoGravity for Transforming Automotive Financing Industry
NYSE Governance Services and FTI Consulting Announce 17th Annual Corporate Law Firms Rankings
FTI Consulting and Asia Group Advisors Formalise Affiliate Relationship Across Asia Pacific
LexisNexis Receives 2017 Corporate Leadership Award from Freedom House for Activism in Advancing the Rule of Law
Societe Generale Named ‘Distinguished Provider of Transaction Banking Services’ by FImetrix
ALM Wins 2 Awards at 2017 Jesse H. Neal Awards
ALM’s ThinkAdvisor Launches Life/Health Channel
The National Law Journal Unveils Monthly Print Magazine
Societe Generale Selects HPD Software to Support its International Factoring Expansion
GE Closes Sale of Consumer Finance Business in France - Last Major Closing of GE Capital Exit Plan
Lazard Global Listed Infrastructure Fund Wins Two Lipper Fund Awards
Global Brands List of 2017 Awarded Elite Capital & Co. the Best Financial Brand in United Kingdom
FTI Consulting Receives Recognition in the Legal Industry
FinTech Start-ups Disrupt Business Models, Customer Engagement and Financial Services Delivery in Europe Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Explorers Vacation Club

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)