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
Source: International Telecommunications Union,
February 23, 2010
Mobile Payments market to quadruple by 2014, reaching $630bn in value
Source: Juniper Research,
May 4, 2010
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
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
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
Source: World Bank,
April 23, 2010
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.