In contrast to New Year’s resolution, which tends to disappear by the end of January, here are the top mobile payment trends and innovations which could be more long lasting and exciting.

1. Technology Companies dominating payments – The rise and rise of the non banks in payments
Non-banks/financial institutions are now operating and entering the mobile payments ecosystem. With Apple Pay already launched in the US and primed for Europe soon – are technology companies like Apple, Amazon, Google, Facebook, and Square going to gain the trust of consumers with their mobile payment/wallet, NFC initiatives where banks and mobile operators have so far failed.

2. Host Card Emulation (HCE) – Red hot or just hot air?
Host Card Emulation or HCE for short received instant celebrity status when technology giant Google announced that its operation system Android 4.4 or KitKat will support HCE. HCE maybe the breakthrough we need to fully embrace mobile payments.

3. MPOS systems are evolving – it’s no longer just mobile payment acceptance tool
The MPOS for years hasn’t seem much in terms of technological innovation. However with launch of Poynt in the US recently, are heralding a new era in ‘smart’ MPOS devices? With Poynt raising the bar in MPOS device which allows developers build solutions for merchants which can include apps with features like CRM, employee management, loyalty etc

4. Examining the potential of mobile payments to drive adoption of the unbanked
The blurring of mobile payment, mobile transfer, mobile wallets and mobile banking has bought new exciting opportunities for companies. Can all this help with the mass adoption of mobile payments? There are some compelling arguments and proposals which are driving the unbanked consumers which in turn will drive adoption of mobile payments.

5. The future is Tokenization
Tokenization has opened up more opportunities for companies. Tokenization technology replaces sensitive data with unique identification symbols that retain all crucial information about data without compromising security. This could herald a new era in mobile payments.

Tom Evans,Mobile Money Wallet Summit 2015

http://www.mmwsummit.com

About Us – Mobile Money Wallet Summit Europe 2015  

We are delighted to welcome you to Mobile Money & Wallet Summit 2015. Now in its third year, the annual conference is packed with experts from the mobile ecosystem to discuss the hottest trends and topics. Mobile Money & Wallet Summit 2015 is the industry’s ‘must attend’ event of the year.  With mobile money, mobile payments and mobile wallet phenomenal growth and adoption, it will quickly become the primary way to make transactions. From mobile commerce to mobile banking, mobile payment to mobile wallet – there has never been a more exciting or optimum time to scale or launch your mobile money initiative. http://www.mmwsummit.com