There will be over 5 billion mobile phone subscriptions worldwide in 2010. By the end of 2009, that number had already reached 4.6 billion subscriptions, or a 67 percent global penetration rate
Source: International Telecommunications Union,
February 23, 2010
Mobile Payments market to quadruple by 2014, reaching $630bn in value
Source: Juniper Research,
May 4, 2010
Nearly half of mobile phone users worldwide to make Mobile Payments by 2014
Source: Juniper Research,
April 21, 2010
The worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 at a compound annual growth rate (CAGR) of 59.2 percent to reach 894 million users in 2015
Source: Berg Insight,
April 23, 2010
The latest annual, quarterly and monthly data reported by central banks show that officially recorded remittance flows to developing countries reached $316 billion in 2009
Source: World Bank,
April 23, 2010

PATsend, PATbuy and PATbank provide each stakeholder with a unique set of benefits.

Benefits for Financial Institutions

  • Multi-channel (mobile phone, web, ATM, etc.) solution
  • Increased revenue (fee income from transactions, foreign exchange revenue)
  • Multi-ID (phone number, email address, etc.) solution
  • Decreased costs (check processing, labor)
  • Ability to leverage existing processes, infrastructure and settlement network
  • Increased “share of wallet”
  • Innovative offerings to attract new customers
  • Improved customer retention
  • Tools to move the bank-issued credit card to top of customer’s wallet for mobile purchases
  • Facility to grow and defend payments franchise
  • A platform to innovate
  • For card issuing banks - increased interchange volume/fees and potential to charge a convenience fee
  • For merchant acquiring banks – increased interchange volume/fees and increased traffic

Benefits for Financial Institution Customers

  • Customers bank how they want to bank, promoting customer satisfaction
  • Multi-channel (mobile phone, web, ATM, etc.) solution
  • Multi-ID (phone number, email address, etc.) solution
  • Greater convenience and mobility
  • Bank brand they can trust
  • Faster transactions by eliminating time consuming paperwork
  • Confidence in the security of their personal information
  • Potential cost savings to transfer funds
  • Already own the required hardware (i.e., mobile phone)
  • Flexibility of a single generic interface capable of accessing a limitless number of merchants and people
  • Same look and feel of application regardless of merchant
  • Fast, convenient, secure, low cost

Benefits for Trusted Service Providers

Trusted Service Providers receive a fee for providing the transaction message routing and other services. A de novo high growth transaction market is the number one benefit.

Other benefits include:
  • Significant new incremental revenue opportunity. Trusted Service Providers receive a fee for providing the transaction message routing and other services.
  • Puts the Trusted Service Provider at the “center of the mobile universe” in its relationships with financial institutions
  • Further establishes the Trusted Service Provider as a leading provider of innovative new services to financial institutions

Benefits for Merchants

  • Provides a new channel for remote sales
  • Provides a single integration point to take advantage of mobile commerce
  • Fast and easy integration
  • Single service interface reduces implementation cost and integration risk
  • No need to address each customer’s bank individually
  • Leverages existing card payments processes and remote purchase systems
  • Immediate access to all customers on the PAT network

Benefits for Carriers

  • Increases use of data network
  • Increases use of messaging network