Over half a Billion people to use mobile money transfer services by 2014
Source: Juniper Research,
October, 2009
Source: Juniper Research,
October, 2009
In 2013 almost 300 Billion transactions, worth more than $860 Billion, will be conducted using a mobile phone – a twelve-fold increase in gross global transaction values in just five years
Source: Informa Telecoms & Media,
February, 2009
Source: Informa Telecoms & Media,
February, 2009
424 Million consumers will be sending over $157 Billion of personal funds via mobile domestically, whilst a further 73 Million will be sending $48 Billion of funds via mobile internationally
Source: Informa Telecoms & Media,
February, 2009
Source: Informa Telecoms & Media,
February, 2009
International mobile money transfer services to exceed $65 Billion by 2014
Source: Juniper Research,
October, 2009
Source: Juniper Research,
October, 2009
Gross transaction value of mobile payments in the US will reach $25.2 Billion in 2013
Source: Research and Markets,
September, 2009
Source: Research and Markets,
September, 2009
CPNI
CPNI operates the centralized routing and authentication mechanism between financial institutions, Trusted Service Providers and merchants. CPNI Inc. provides best in class mobile commerce solutions and participates in the operation of systems infrastructure for distributed payment processes.
Financial Institutions
Financial institutions sublicense PAT solutions from Trusted Service Providers and offer them to customers as new money transfer, payment and mobile banking services. The majority of revenue flows to the bank. PAT solutions leverage a bank's existing infrastructure and systems, including bank accounts, KYC (Know Your Customer) checks, security policies and clearing and settlement mechanisms. PAT solutions are profitable for a single bank with even greater benefits as other banks participate in the PAT network.
Customers
Bank customers access PAT solutions through their phones via a downloadable Java application. By using their phone as a payments tool, customers can make convenient payments and transfers as well as access banking services.
Trusted Service Providers
Trusted Service Providers act as resellers, regional licensors and integrators of PATsend, PATbuy and PATbank solutions. They orchestrate the interaction between PAT and the mobile phone and perform message routing between banks and merchants in other areas of the world.
Merchants
Merchants use PATbuy to accept mobile payments or expand their existing mCommerce business. Merchants save on costs by integrating with the network once and avoiding the work involved in dealing with each customer's bank, or by developing their own mobile offering.