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  • Japan's Mobile Tech Too Quirky To Succeed Overseas?

    For all of the cutting edge mobile technology that Japanese consumers have routine access to, surprisingly little of it has made its way outside of the country. Its government, however, wants to change this, and will begin an "aggressive push" to market the technology overseas, reports AP . One of the big questions, however, is how much of the country's technology can be exported. In Japan, it's common to have high-speed access to the web, to watch and record TV broadcasts, and to pay using a mobile phone. But as Masayuki Ito, official at the Ministry of Internal Affairs and Communications acknowledged, "Some critics say Japanese mobile technology tends to be quirky like the Galapagos Islands," that is, the country's isolation has given it very domestic-specific technology. One of the products Japan hopes to flog is the technology behind the FeliCa wallet phone, which debuted in 2004, and is now a standard feature in most Japanese handsets. Instead of a smart card, which is how most popular mobile phone payments work in Europe, a tiny chip called FeliCa, partly developed by Sony Corp ( NYSE: SNE ). is embedded into the phone. Some analysts believe, however, that the success of mobile payments in Japan is down to low credit card use in the country, as well as the popularity of convenience stores and vending machines. Still, there's little choice for Japanese carriers and manufacturers, who are backing the government initiative. The new campaign comes at a time when the saturated domestic handset market has begun to decline , hurt by carriers who have cut phone subsidies in favor of lower tariffs and better service, and by increasing consumer fatigue over more complex technology. Related Japan's Handset Market Drops 20 Percent; Advanced Features Hit Saturation Point? Lost In Translation: Japanese Market Not Sold On iPhone Cool Factor Japan To License Cellphone Experts Check out the best business jobs in digital media. Go here for...
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  • Maldives Setting Up National Mobile Banking System

    The Indian Ocean island nation of Maldives is gearing up for mobile banking, having received a $7.7 million loan from the World Bank to do so. According to the BBC its an ideal place to start mobile banking with a relatively high GDP and mobile penetration (from the CIA World Factbook , GDP per capita was an estimated $4,600 last year, and back in 2006 mobile penetration was about 70 percent). Perhaps more important is the state of the banking industry, which has been consolidated under a single system to let islanders pay money in and out without traveling to their nearest branch which could be several miles away...and many people lost their life savings during the 2004 tsunami because it was "in a pillow or a tin can at home". So the general idea is that mobile banking will give more people access to bank services. There's also an interesting claim from Tom Standage, Business Editor of The Economist magazine, that "in a typical developing country, for each extra 10 percent of people with mobile phones, an extra half a percentage point is put on GDP growth a year". There's an audio stream of him talking about it. Related EU Banks, Carriers Team Up On Mobile Payments Bank Of America Says It Has 1 Million mobile Users; Details Other Mobile-Banking Trends Qualcomm Buys Mobile Banking Firm Firethorn For $210 Million Check out the best business jobs in digital media. Go here for paidContent.org Job Board.
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  • EU Banks, Carriers Team Up On Mobile Payments

    European Union banks and mobile operators have agreed to work together on mobile payments. Mobile industry group, the GSM Association, and the European Payments Council, have already begun trials for contactless mobile payments, with seven operators conducting mobile payment trials, and another seven tests to start soon. Reuters report s that the goal of the cooperation is to create more competition and choice in the way that people in the EU pay for things, and to reduce the cost of paying for something while travelling outside of one's home state. Operators are said to be keen on mobile payments as a source of new revenues. The EU, meanwhile, would eventually like to see an EU standard on wireless payments agreed upon. Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download .
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  • France's Hi-Media Buys Mobile Marketing Firm Mobile Trend For Euro 7 Million

    France-based European online media firm Hi-Media has now extended its reach in mobile markets and has bought out local mobile market firm Mobile Trend . The deals includes a total consideration of 7 million euros, paid in cash, with two earn-outs to come depending on the company's profitability in 2008 and 2009. In 2007, Mobile Trend posted sales of 4.1 million euros and an operating profit of 0.9 million euros, and it expects strong business growth in 2008. The company transaction valuation multiples should be between 8 to 9 times MT's operating profit for the current financial year, it said. Mobile Trend was founded in 2003, is a French specialist in mobile Internet marketing and in micropayments by SMS. The two companies had been working together for the last four years, and with this deal, MT's contribution enables Allopass, Hi-Media's micro-payment business, to firm up its business in the SMS segment. More details on the deal here . Earlier this year Hi-Media bought US-based online photo sharing site Fotolog.
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  • Mobile Content Bits: The Three C's: Cellpoint; CellSpin and Cellufun

    Just for fun, this Friday's mobile content bits will feature only companies with "cell" in their name.... -- Cellpoint builds mobile bookstore for SAXO.com: Saxo.com , an online bookstore in Denmark, said that it's using Cellpoint Moble's mPoint technology to build a mobile site. Customers can access the store by texting "saxo" to a Danish short code. The customer will then receive a message that takes them to the mobile store, where they can browse and purchase books. -- CellSpin creates multimedia features for Twitter: San Jose-based Cellspin said that it is supporting audio, video, picture and text messages that can be uploaded to micro-blogging sites Twitter and Pownce. Users who download Cellspin's mobile application, can leave audio Tweets, or send a picture or video, which allows a message to get across very fast and easily. The application is free, and works on more than 300 phones with the Symbian, Windows Mobile 5.0 and 6.0 or Blackberry operating systems. Others are expected to come soon. Multimedia tweets can also be sent from CellSpin's Web site. Release. -- Cellufun and PlayPhone partner for game portal: San Jose-based PlayPhone said its working with Cellufun to gain access to Cellufun's more than 5.5 million monthly unique visitors and a catalog of free mobile games. The two companies said it is a good way to cross-promote their content, and will continue to look for similar partnerships in the future. PlayPhone will make Cellufun's free ad-supported games available through at http://www.playphone.com and a custom WAP site powered by Cellufun. Release. Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go.
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  • Mobile Banking Forecasted To Generate Up To 62 Billion Transactions in 2012: Report

    Mobile banking is expected to be a big business in 2012 based on experiments and trials that wireless operators and members of the financial community are conducting today, according to a report released by IMS Research . The report estimates that 884 million users will conduct 62 billion mobile banking transactions in 2012. The report said a majority of the growth will come in developing countries, where mobile will be available than typical banking infrastructure. In developed countries, mobile banking will serve as an alternative and personalized means of access. The report outlined a number of wireless operators that are already offering some sort of service. For instance, Orascom Telecom, Egyptian wireless operator, is planning to offer a banking service, including money transfers, to its 70 million customers this year. Other operators that offer a mobile financial service include: NTT DoCoMo ( NYSE: DCM ), KTF, Vodafone ( NYSE: VOD ), Globe, Smart, TIM, AT&T ( NYSE: T ) and Sprint ( NYSE: S ). When broken down geographically, the report found that growth is particularly strong in Asia, the Middle East and Africa, but when added to the growth seen in Europe and the Americas, the number of new mobile banking users nearly tripled in 2007. Related SK Telecom And Citigroup Launch Mobile Banking JV Register for our EconAds seminar , June 3rd, at the New World Stages in New York City. Covering the economics of online advertising.
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  • Obopay Inc Secures $20 Million From Essar, Qualcomm, Promethean India And Others

    Indo-U.S. mobile payment company Obopay Inc has secured a $20 million in a fourth round of investment led by India's Essar Communications Holdings , and included Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management, Citi, Societe Generale, Qualcomm ( NSDQ: QCOM ) and Promethian India. Obopay has also named K.B. Rajendran, SVP Essar Global and Robert G Hottensen Jr, SVP (Public Equity) at Olayan America Corporation as new members of its board of directors. There had been reports last year of Promethean Investing $5 million in Obopay India, but there's no confirmation of whether that happened. [via release and GigaOm ] Obopay had raised around $48 million in its first three rounds; James Pearce, at mocoNews mentions that Obopay wants to become the Western Union/PayPal of the mobile world, and in order to do that it had to get 41 licenses to become a registered money transfer agent just in the US. I think the involvement of Indian companies in this round is significant, particularly for Obopay's operations in India: The Essar group is a shareholder in Vodafone ( NYSE: VOD ) India (earlier Hutch-Essar), and also is reportedly behind Loop Telecom. Essar is also in the mobile retail business - in partnership with Virgin, they've launched The Mobile Store in India.
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  • SK Telecom And Citigroup Launch Mobile Banking JV

    South Korean mobile operator SK Telecom ( NYSE: SKM ) and Citigroup, the US's largest bank, launched a joint venture today to offer mobile financial services in select markets in Asia and North America, reports Reuters . The two have invested $8 million into a joint venture, Mobile Money Ventures, that will give Citi customers banking services—including near field communication-based payments, stock management and advertisements--on their mobiles starting in the second half of 2008. According to the Korea Times , SK Telecom will develop the software and hardware for the venture, which it says is not an exclusive deal with Citi, and plan to sell the platform to other banks and carriers in the future. It will test out mobile banking first, then mobile payments and electronic coupon services. In South Korea, SK Telecom already offers a chip-based payment service called Moneta, where consumers can swipe their mobile phones at payment points at participating shops and restaurants, as well as buses and subways.
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  • Complexity And Fear Keep Consumers From Shopping On The Phone: Study

    The mobile phone is too complex for users to feel comfortable using them to buy physical goods, however, consumers in the U.S. and the U.K., say they are likely to use the phone to check prices and the location of a store, according to research conducted by Gartner . The report said in addition to complexity, the second-biggest reason not to shop on the phone is fear of having their location tracked. Gartner: "Retailers and wireless providers will need to clearly state the benefits that consumers gain by divulging their locations — and that their information is secure and kept private. As with loyalty cards, consumers are willing to allow retailers to collect information about them and their purchases in exchange for a discount." Still, despite these limitations, there seemed to be an opportunity—20 percent of respondents in the U.S. and 16 percent in the U.K. said they would be willing to receive promotions on their mobile phones. Based on a survey conducted among 2,000 consumers last summer, the report found: -- 32 percent of U.S. and 33 percent of U.K. respondents said complexity of using a mobile phone would be a significant barrier. -- U.S. respondents (ages 18 to 27) were 1.98 times more likely to shop on the mobile phone than respondents (ages 43 to 61). In the U.K., the younger age group was 2.63 times more likely than their older counterparts. -- Service charges for using the mobile phone as a shopping tool were not a concern in the U.S., but the fourth-largest concern in the U.K. Of course everyone is hoping the U.S. and U.K. will develop into a market similar to Japan's. Even though a small percentage of overall retail sales are conducted on mobile phones in Japan, in 2006, it totaled 562 billion yen, or $5.3 billion (that excludes content such as ringtones or games). Of this figure, 258 billion yen, or $2.4 billion, was for retail goods. The rest was for transactions and services such as purchasing tickets through a mobile phone.
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  • Mobile Money Transfers: Big Business In Micropayments?

    Mobile money transfer in the developing world is "leap frogging" mobile micropayment in Europe, reports CNN . It could eventually mean big business if mobile money transfers could get even a small piece of the $318 billion global remittances business. The mobile money transfer business could do decent business with relatives sending money to their home countries from the US, for example, but it is especially useful in the developing world where people have access to mobile phones, but not to banking. In Kenya, for example, mobile operator Safaricom launched M-Pesa, a service that allows users to transfer money via SMS within Kenya. As CNN notes, a worker in Mombasa can send $3 to his rural relatives, instead of taking a two-hour bus ride to give it to them. His relatives collect the money at any of the small shops or gas stations that are part of the M-Pesa network. Backed by Vodafone ( NYSE: VOD ) and Citigroup, M-Pesa is much cheaper than Western Union, which has a virtual lock on the global remittances market. But it too will soon have a mobile money transfer service, after launching a test project involving 35 operators earlier this year. M-Pesa already has a mobile wallet application that targets people sending money to Latin America and the Caribbean. Related O2 Trials Contactless Payments In London Visa Trials PayWave In Canada, Malaysia, Remote Payments In Brazil
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