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’s P2P solution PATsend™ is a comprehensive, secure, multi-channel payment offering with a specific emphasis on remote mobile payments. Financial Institution customers can conveniently send money from their account to another person’s account, domestically or internationally.
PATsend allows individuals to use a mobile phone, the web or an ATM to send money to friends and relatives anywhere in the world simply by entering the recipient’s phone number or email address. For security, the recipient’s banking details are never revealed to the sender. PATsend also provides the ability for individuals to send money to users not yet registered for the service, thus broadening the number of potential recipients.
Examples: Person to Person
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Benefits to Financial Institution
- 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
- Innovative offerings to attract new customers
- Improved customer retention
Benefits to 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 people
- Fast, convenient, secure, low cost
- Only need to know the phone number of the recipient
- Recipient bank account details are not required