future of mobile payments - conference keynote speaker

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How mobile payments will impact future of banks, banking, back end payment processing, credit card transactions and retail customer spending. Smartphones using encryption and biometrics will enable telecom companies to compete with banks and credit card companies for retail payment transactions. Expect wireless payments using smartphones to grow rapidly. Despite this, some customers will continue to prefer cash because it allows anonymous purchases and is convenient for smaller purchases. Mobile payments could generate commissions of up to EU2 billion a year in countries like France, Germany, Italy and the UK. What would happen if -- say -- Vodafone formed a partnership with Google, Nokia and American Express? Implications for financial services, small loans, large ticket purchases of white goods, cars and other big items. Future of banking and financial services.

TRANSCRIPT

Dr Patrick Dixon Chairman Global Change Ltd

Take Hold of Your Connected FutureThe future of mobile payments

Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most

influential business thinkers alive today (Thinkers 50)

Future of Mobile Payments - Keynote for Global Connect (2012)

500 videos of keynoteswww.youtube.com/pjvdixon

over 4 million views

www.globalchange.com14 million unique visitors

Wild  Cards:  Risk  Management

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The future is about

Text

The future is about

EMOTION

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80%  lost  in  20  seconds  

               

Faster  online  delivery  :  6pm    10am  or  same  day

1 billion children cities

Middle Class --> high end mobiles: 300m India -

Europe Dying

4 couples needed to produce just one

great-grandchild

18 million children in Turkey will be adults in next 15 years

Vodafone Mastercard Sprint

Vamoosle

UK  Card  market  in  2011

•TransacAons  >  EU  650  billion  pa  •Credit  card  debt  >  EU  65bn•Average  card  interest  rate  16%•2%  commissions  worth  EU  14bn

Free mobile devicescalls / web / TV / games / pay

2010                                                  2013                                    2015                                                    

Data

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•PayPal  -­‐  $141m  to  $4bn  from  2009-­‐11  

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• M-­‐Pesa  -­‐  Kenya  -­‐  15m  people  -­‐  $9bn  pa

• EU  60-­‐100  bn  pa  spent  processing  in  EU

>  200  million  mobile  payments  in  2012  >  $160bn

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45But cash will continue to be popular...

• Zettabyte = 1024 ExabytesExabyte = 1024 PetabytesPetabyte = 1024 TerabytesTerabytes = 1024 Gigabytes That's a data explosion of 44x in

Data

• Zettabyte = 1024 ExabytesExabyte = 1024 PetabytesPetabyte = 1024 TerabytesTerabytes = 1024 Gigabytes That's a data explosion of 44x in

What does the Datamean for you and

customers?

Rich Media

US online video ad spending to grow 43.1% in 2012

Home QR

evening is best time for Twitter reads

Future Search:Why had to

change

social networks just in time

1  trillionpages  a  month

Vote for Great Content: +++ Democratic Drive

33%  in  UK  don’t  watch  live  TV

95%  EU  bandwidth  soon  video

Data  revenue  Kenya  >  SMS

Pricing  models  broken  in  many  naOons

Some  users  in  France  >  30  gig  in  days

PAYMENTEcosystem

• Home

• Work

• Online

• Offline

• Sales

• Entertain

• Phone

• Mobile

• Chat

• Social web

• Mobile

• TV / video

• Billing

ONECUSTOMER

•Individuals•Family•Community•Wide World

Making Life Better

Patrick Dixon is Chairman of Global Change Ltd, Author of 15 books and has been ranked one of the 20 most

influential business thinkers alive today (Thinkers 50)

Future of Mobile Payments - Keynote for Global Connect (2012)

500 videos of keynoteswww.youtube.com/pjvdixon

over 4 million views

www.globalchange.com14 million unique visitors

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