Telemedia Month Newsletter - JUNE

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Issue 40 • JUNE 2013

#PAYMENTS Research reveals what UK really wants from m-payments

THIS MONTH... News

The latest news from the industry, along with analysis of what that news means, including: • 20% of online retail through mobile in Q1, says IMRG 3 • RJ Media uses C3’s multichannel contact centre for psychic 4 • UK users quite Facebook due to advert fatigue, finds YouGov 5 • O2 sets up divisions to mobilise local government 6 • txtNation rolls out full service range in Belgium 7 • Telcos most ‘evolve or die’ as digital growth slows 7 • Smartphone owners with tablers spend 3 times as much on apps 8

Analysis

New research by international payments provider VocaLink reveals that 60% of UK consumers now own a smartphone and are using them as payment devices on the move. However current mobile payment behaviour remains fragmented with mobile payments currently used on an ad hoc basis in a range of situations, including sending money to friends and family (6%), paying for parking (5%) and purchasing groceries in supermarkets (3%). The research reveals that there is no one solution which attracts more than 5% of current mobile payment users on a regular basis. VocaLink’s research suggests that it is banks who are ideally placed to be the trusted providers of a ubiquitous mobile payments service with 35% of respondents more likely to pay for items using their mobile phone if it was provided by their bank. 63% of people who already make some mobile payments agreed they would also trust their banks to provide this service. Finally, 30% of respondents said they would use mobile payments and interact with their bank more often if this offering was available. The bank-provided app also has another distinct advantage; it gives bank customers the ability to see their balance on screen at point of payment and make informed choices about whether to pay for goods or services and from which account. Paul Stoddart, Managing Director Strategy & Business Development at VocaLink says: “The prolific growth in smartphone ownership and app usage, combined with an already established mobile banking market and the availability of Faster Payments, means we are entering a perfect storm for mobile commerce. Our research confirms

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Editorial Mobile brain drain The west is facing a paucity of mobile expertise. Is it time to rethink education and immigration policies? Paul Skeldon reports from Moscow 9 OPINION Summit for Everyone With the Payforit Summit taking place on 26 June, Rory Maguire outlines the roll PFI can play in a range of businesses – and why its good for consumers 11 ANALYSIS 40 steps to PRS heaven Paul Skeldon takes a look at how better training is helping all businesses get to grips with meeting labyrinthine PRS regulations 12 ANALYSIS The future of brands Sri Sharma, founder and Managing Director of Net Media Planet explains how brands can maximise the business opportunity that the mobile channel offers 13 ANALYSIS Destination Amsterdam World Telemedia Amsterdam is set to get going in October, but we need your input now. So see what we have planned and stick your oar in, says Paul Skeldon 15

Directory

The leading industry directory of services 19

Latest news at www.telemedia-news.com Catch our blog at www.telemedia360.blogspot.com


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