- Currently device maker grabbed the larger share of the revenue pie
- The future for telco is to turn smartphone into a conduit for mobile wallet, digital coupons, media, entertainment content
- Emerging and developing markets are essentially pre-paid, low on credit cards. Telecom with vast footprint in many countries like Singtel can tie up to create remittance services
- The telecoms are also banking on proximity payments such as NFC
- NFC will only work if there are adequate NFC enabled device. Currently not many, and primarily iPhone 5 do not come with NFC
- NFC need to be habitual and that could happen when people use phones to pay for their train and taxi fares
- NFC terminals needs to be installed at merchants as well
- Ovum research shows that consumers are less willing ...
Some notes from The Edge article on NFC payments and Mobile Remittance. This will interest Starhub, Singtel and M1 investors.
