An online forum for thought leaders to discuss the challenges and opportunities impacting the changing world of banking.

« “This is a hold up! I haven't got all day. Please keep the line moving!" | Main | Why’s it so difficult to understand, that it’s all about understanding that they need to understand? »

It’s a trillion dollar business. Interested?

Mobile payments are what I’m talking about. Mobile banking is expected to lead the way to adoption of serious utility driven mobile value-added services. The promise that it holds for a bank is very tempting.

Not surprising. All signs have always pointed to the mobile device fast evolving as a preferred information access device. Already we have around 3 times more mobile phones in circulation that fixed PCs. And the percentage of these devices that can be classified as smart phones is fast increasing. The device capability baseline is racing upward and almost every device that’s going to be introduced in the market in the next year or two is expected to be ready to run online applications. The most important factor, in my opinion, is really not how capable mobile devices are becoming but how end users are becoming extremely comfortable with the idea of a mobile phone being more than just a phone.

But are enterprises truly ready to extend their services to the mobile world? What of the challenges posed by the multiplicity of devices out there? How to optimize services delivery across the entire gamut? How to deal with ever-changing wireless technology? Then there are the hurdles of different bandwidth and intermittent network connectivity. Even the diversity of browsers to be engaged, come with their own challenges. That’s where tech-innovation can play the role of a messiah.

Ask the messiah…and the trillion dollars can still be yours!

Read more on this topic

TrackBack

TrackBack URL for this entry:
http://www.infosysblogs.com/apps/mt-tb.cgi/930

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Please key in the two words you see in the box to validate your identity as an authentic user and reduce spam.