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

Personal Mobility

Technology, specifically mobile phones, carrier networks and the internet, provide the tools to deliver true mobility. PATsend, PATbuy and PATbank solutions allow bank customers to use their mobile phone to send money, make payments and access banking services anywhere in the world.

The New Terminal

Mobile phones have become more than just communication devices. The billions of mobile phones in use globally can be utilized as personal payment terminals for their owners.

  • Provides the opportunity to identify both senders and recipients by phone number
  • The phone number is the best method to uniquely identify both banked and unbanked individuals, regardless of time or location

Proximity vs. Remote Payments

Proximity payments require the purchaser and seller to be face to face and involve an exchange of information between a customer’s mobile device (or contactless card) and a merchant’s POS terminal. Using NFC (Near Field Communication) technology, information is stored on a chip in the mobile phone or contactless card, which customers tap or wave at a POS terminal.

  • Remote payments do not require the purchaser and seller (or sender and receiver) to be face to face.
  • Remote payments can be made anytime, anywhere, and do not require a point-of-sale (POS) terminal.
  • Remote payments may be person-to-person or person-to- merchant thus expanding the transaction revenue stream beyond that of proximity payments.
PAT offers the following remote payments solutions:
  • PATsend – person to person remote transfers
  • PATbuy – person to merchant remote purchases

PAT solutions complement contactless, NFC and proximity technology.

PAT Mobile Payments and Transfers

PAT Mobile Payments and Transfers