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Monday, January 16, 2012

Over half a billion mobile banking users expected next year

The number of mobile banking users worldwide will reach 530 million by 2013, up from just over 300 million last year, according to a new report from Juniper Research. It says mobile services are becoming a fundamental component of banks’ business strategies as they respond to the current economic climate.

Mobile banking is particularly likely to gain impetus in Western markets as consumers seek tighter control on their finances. However, the report warns that the most successful deployments of m-banking are likely to use applications, text messaging and browsers rather than being solely app focussed.

Sonia Lalli, the report’s author, said “Mobile Banking will be one of the greatest success stories of the mobile commerce industry over the next five years, as consumers observe the benefits of accessing banking services on the move. As customers become comfortable with undertaking basic banking functions on their mobiles, an increasing number will adopt transactional-based banking enabled by the enhanced functionality afforded by smart devices, exposed to an all-immersive consumer experience.”

The number of people making mobile banking transactions is also expected to grow dramatically, with over 550 million users worldwide by the end of 2016.

[Report; whitepaper]

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Opinion Articles

You're gonna need a bigger tariff

Mark Bridge writes:

“You're gonna need a bigger boat”. The words of Roy Scheider as police chief Martin Brody spots the shark in the film Jaws.

37 years later and O2 UK CEO Ronan Dunne is facing another all-devouring monster... but this is no aquatic predator. It’s in the air - and it’s invisible.

No, we’re not talking about a Pteranodon (that’s Jurassic Park III) but a 4G mobile broadband connection. A real-life data monster.

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Twitter promises that it will only use patents defensively

Mark Bridge writes:

There’s some kind of patent-related mobile technology story in the news most weeks. Whether this is the result of an innovation slow-down or the disruptive effect of newcomers on ‘traditional’ mobile manufacturers, there’s no denying it’s causing problems for many companies.

Author: The Fonecast
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Last week at The Fonecast: 16th April 2012

Mark Bridge writes:

At the beginning of last week, Facebook and Instagram were the talk of the mobile industry. Was this billion-dollar deal the sign of another tech bubble?  Facebook’s fast track into mobile?  Facebook moving to cement its dominance of online photography?  You, the jury, decide.

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Last week at The Fonecast: 9th April 2012

Mark Bridge writes:

Easter is often seen as a time for customs and rules – whether it’s giving up sugar for Lent or waiting until Sunday morning to eat your chocolate eggs – and this year the mobile industry seems to have joined in.

Author: The Fonecast
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Last week at The Fonecast: 2nd April 2012

Mark Bridge writes:

It’s always a relief when April Fool’s Day doesn’t fall on a work day, isn’t it?  Still, that didn’t stop the jokes. Even though the mobile industry traditionally tends to head to the pub for a roast dinner and a pint on Sunday, there was many a prank in the morning of April 1st.

Our friends at 51Degrees.mobi revealed left-handed device detection, Google prepared to run mobile ads on phones with dials, Phones 4U introduced Gnomes 4U femtocells, Nokia made a Windows Phone device out of ice… and so on.

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Recent Podcasts

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Later in the programme, the team anticipates some of the topics that will be hitting the headlines during 2016.

Author: The Fonecast
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Author: The Fonecast
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A month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

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