Of Special Interest
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- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
- UK banking reform advances - marginally
- FIS PayNet, a new global real-time payment network
- Spanish Bank stress test detail
- UK Card Fraud rises
- SunGard Ambit Wealth Management for Asia launched
- GE looking to sell Ayudhya stake
- Scotiabank enters prime brokerage market
- First-ever mobile-only bank soon to have 1m customers
- POS equipment can allow chip and pin security fraud
- US banks face major 'put back' charges
- Sukuk to grow 3 fold in 5 years forecast
- RBS not selling Citizens
- UK retail banks promise reform and more SME lending
- No sudden changes made to Barclays Capital
- Lloyds & RBS non-core disposal figures
- India and Pakistan said to licence each others banks
- Visa cardholders spend $1.4bn in UK during Olympics
- UOB end of era as Wee Cho Yaw retires
- Google Wallet MkII works with any card
- Twitter stock symbol search
- HSBC - Gulliver's position untenable?
- Libor, the BBA and Thomson Reuters
- End for Dun & Bradstreet?
- BBVA down 35% on impairments - international does well
- European banks carrying €1.5tr of non-performing loans
- Sandy Weill : Bring back Glass Steagall
- UK regulator want end to current accounts
- Bank of China chairman speaks on international expansion
- HSBC and ignored money laundering warnings
- Barclays persistent and organised Libor manipulation
- Danske calls time on National Irish
- Crédit Agricole uses ACI for payments system overhaul
- IBM, Analytics, social media and financial services
- 80% Of Goldman growth will arise from BRIC nations
- BlackRock forecasts Greek loan writeoff at €30bn
- Orderly bank wind-ups now European priority
- New UK regulator suggests ending 'free' banking
- Sberbank set to buy Denizbank
- HSBC postpones move of HQ review indefinitely
- New UK business finance website
- Spanish bank plan
- Significance of the JPM trading losses
- Obopay near real-time disbursements to pre-paids
- China Construction seeking WestLB's Latin America Ops
- SEPA survey with focus on corporates
- HSBC seeks further Latin American disposals
- OCBC ranked strongest bank in world - again
- Co-op Financial pilots video ATMs
- Blankfein PR offensive
- Barclays LOSS due to DVA and PPI
- Santander profit down on loan losses
- Deutsche Bank profit falls one third
- Credit Suisse nominal profit after fair value losses
- BBVA big expense increase
- UBS clients use iPad to design trading algorithms
- Engagement Banking
- PayTag turns any mobile into contactless pay device
- Ringfencing clarification before Santander UK IPO
- SWIFT launches Sanctions Screening
- BoE governor UK speaks of financial stability tools 'experiment'
- SWIFT guide on moving to Sepa
- Monitise buys Clairmail
- New Rothschild reunification moves
- BRIC countries boost bank business lending - G8 lowers it
- PayPal phone to card acceptance device converter
- Dan Sauter nominated as Julius Bär chairman
- StanChart & UBS invest in China Cinda
- HSBC retail may operate in 9 Asian countries only
- Citi Indian card expansion
- Michael O'Neill new Citi Chairman elect
- IBM / Citigroup deal to use IBM Watson
- BTG Pactual listing will be one of largest
- Santander / KBC deal merges Zachodni with Kredyt
- No payout on Greek CDS - official - challenge possible
- E&Y European banking barometer
- UBS hires former Bear Stearns CFO
- Sarasin sells NZB stake back to NZB
- Citi Sells Stake in HDFC
- ANZ intensive business mentoring programme
- Barclays banking complaints down - PPI UP
- Profumo tipped as next MontePaschi chairman
- HDFC mobile banking with Monitise and Visa
- Dexia €11.6bn LOSS
- Swiss propose withholding tax to sort tax issue
- HSBC to exit Japan retail
- BBVA-Google first combined forecasts
- SEPA payments date set as 1st February 2014
- ANZ new CFO and other senior appointments
- Commonwealth Bank first half profit up 19%
- Sberbank buys Volksbank International stake from BPCE
- Handelsbanken profits up - lower loan losses - expansion in UK
- UK banks could still end up paying some FTT
- EBA says vast majority of bank capital raising plans OK
- Lazard full year net down 36%
- UniCredit and Intesa Sanpaolo debt buy back
- Alpha / EFG Eurobank merger difficulty
- UniCredit successfully completes rights issue
- Lower loan costs & affiliates boost Mitsubishi UFJ profit
- Citigroup to end mortgage brokerage intros
- US Goodwill writedown main reason for BBVA profit fall
- Acquisitions aid Deutsche Bank bottom line
- Multiple factors dent Santander profits
- Spanish plan for bank asset write-downs
- Digital cash for the digital wallet
- Eric Daniels to join StormHarbour
- SunTrust acquires FirstAgain for loan platform
- Banco Sabadell profit down but is good result
- No progress for BTA
- FIS announces POS mobile wallet
- Spanish arrears exceed 7.5%
- Half of Visa Europe transactions on mobile by 2020
- Plan proceeding for 70-75% writedown on Greek debt?
- BBVA and Google try to improve forecasting for clients
- BBVA goes to the Google Cloud
- RBS Corporate restructuring
- Volksbanken to sell Eastern subsidiary
- US banks overcharging on home insurance
- Austria concerned over domestic banks exposure to CEE
- Mitsubishi UFJ new Malaysian Sharia compliant loans
- No delay on Basel III liquidity - peer review introduced
- Itaú Unibanco Latin America expansion
- Reawakening ATM standard cassette initiative
- Swiss National Bank president controversy
- IBM 10 year infrastructure deal with La Caixa
- Barclays new UK Retail COO
- MontePaschi new boss
- BTA close to failure - again
- SocGen CIB exec team changes
- Raiffeisen seeking to renegotiate Polbank deal?
- Sberbank acquires Swiss SLB Commercial
- eBay acquires German BillSAFE
- Own Debt fair value excluded from CT1 capital proposal
- IBM help for Kenyan banking
- U.S. Bancorp acquisition of credit card assets
- BNP Paribas and IBM extend infrastructure JV
- Qatar firm buys majority of Dexia Luxembourg
- Monte Paschi foundation in debt standstill deals
- PayPal to join discount coupon bandwagon
- Morgan Stanley $1.8bn writedown
- WestImmo sale collapses - more jobs go at WestLB
- State Street exits UK & German bonds
- ATEbank Romania auction
- Monitise sees revenues triple
- NBNK may bid for Yorkshire & Clydesdale
- Sharia compliant Buy to Let Purchase Plan
- Mitsubishi UFJ Trust alliance with / stake in AMP Capital
- MoneyGram / ICBC remittance deal
- Sabadell buys CAM, losses guaranteed
- Algorithmics reporting for wealth management
- HSBC major regulatory failure at NHFA
- Western Union starts UK prepaid services
- Two major solar power financing deals in the US
- Launch of Western Union Small Business Payments
- 4 bids possible for RBS Aviation
- Raiffeisen told to consider dual-listing
- Julius Baer opening in Tel Aviv
- Hedge fund chief backs Financial Transaction Tax
- Lithuanian Snoras bank funds missing - arrests made
- PayPal 6 fold increase in mobile payments over Thanksgiving
- Further writedowns of Greek bonds possible
- Women are greater online fraud risk claim
- Little to no interest in Polish banking stakes for sale
- Deutsche Bank Asset Management part sale?
- Social media central to SunGards mobile platform
- Google Wallet boost from Checkout
- EU fundamental look at bank structure and regulation
- European banks pressured to write down goodwill
- Baer bid for Sarasin
- Deutsche Borse / NYSE derivatives proposal
- Swiss / US comprehensive tax treaty
- Commonwealth Bank major ATM contract
- Buffet sees value in financial services stock prices
- New UBS CEO halves investment banking - sets financial targets
- Visa Digital wallet branded V.Me
- Credit Agricole / Visa microSD NFC contactless payment
- IBM offers mobile device security
- Metro Bank UK fails to sell mortgages
- MasterCard and Intel online & NFC security alliance
- Bank of Ireland cautiously optimistic trading statement
- Barclays insurance deals with Aviva and Legal & General
- Indian bad debts rise by one third in 12 months
- PayPal Android App includes NFC P2P
- Volcker rule too complicated
- Ermotti to be made permanent UBS CEO this week?
- Dodd Frank cheat sheet
- simplytap - mobile purchase by entering just 2 codes
- Lloyds Banking LOSS
- BoA to sell more of China Construction stake?
- Lloyds Banking appoints acting CEO serving notice period
- Credit Agricole and impact of Greece and Italy
- SocGen creating UK online bank using Selftrade
- Societe Generale profits down - dividend cancelled
- Growth in shadow banking worldwide
- Bidding warms up for Sarasin stake
- Co-op to bid for Lloyds Banking branches
- BNP Paribas profit drop on sovereign debt writeoff
- Standard Chartered profits continue upwards
- Credit Suisse result - expense reduction
- US Card issuers pile back into sub-prime
- Coutts branding
- Lazard profits slips for quarter on acquisition writedowns
- Google wallet open for all banks
- MF Global Files for Chapter 11 protection
- CBA offers merchants same day access to funds
- HSBC to sell Brazil consumer finance unit
- JPMorgan Q3 profit down a little
- German Euro 55bn bad bank accounting mistake
- TSYS renews outsourcing deal with Capital One
- HSBC Trinkaus drops talks for WestLB units
- BNY Mellon ups profit on year ago
- Nomura to buy GE Capital Finance (China)?
- Scotiabank buys majority stake in Banco Colpatria
- NBNK, Virgin and Flowers bid for Northern Rock
- SMFG unit moves systems development to Ireland
- Anglo Irish renamed IBRC
- Global IPO value down 46% on year ago
- Barclays bid for CAM - looking for other Cajas?
- SMBC tender for Promise
- Shawbrook, the rebranded UK SME bank
- The mobile wallet reaches Papua New Guinea
- StanChart - MasterCard - Airtel Africa virtual card
- NBNK only bidder to meet deadline for Lloyds branches
- Visa Europe mobile wallet coming next year.
- European epayment rules anti-competitive investigation
- EC President seeks leap in bank capital
- Capital One social gaming spend
- MUFG electronic management of syndicated Loans
- Rabobank in talks to sell stake in Sarasin
- Google Wallet live in US
- Dexia break up
- Laying down the rules for Volcker
- Greek Proton Bank split and rescue
- UBS rogue trading - story so far
- Erste Bank to take string of charges
- John Mack retires at year end from Morgan Stanley
- Irene Dorner new HSBC North America CEO
- Mobile payments may exceed 15bn in 2013
- Sir David Clementi appointed Virgin Money chairman
- Future of UK retail banking final report
- SIFI comprehensive data disclosure proposals
- Monitise virtual card anti-fraud offering
- Scotiabank completes on Banco Múltiplo
- Egypts first major M&A deal since revolution
- Consequences to BoA of the Debit card fee
- BoA in syndicate to fund solar power for military dwellings
- UBS heads roll - rogue trading warnings ignored
- Bank of America executive changes
- NBNK confirms talks - shares suspended
- UK card and banking fraud down again
- NBNK to buy Lloyds branches, Clydesdale & Yorkshire banks?
- LSE to buy LCH.Clearnet?
- Spain nationalises three more Cajas
- SunGard completes on FINACE
- BNY Mellon replaces CEO
- Many interested in London Metals Exchange
- RBS strategic relationship with Monitise
- Visa Europe mobile P2P service
- IBM to Acquire Algorithmics
- ABN Amro buys LGT Bank Deutschland
- IBM 10 banking deals within CEE region
- Close Brothers profit fall mainly on subsidiary writedowns
- Dexia may struggle without state aid
- SMFG may buy US assets from European banks
- ICBC profits continue to rise
- CFS negligible profit UK Co-op bank loss
- Man group shares slump following trading update
- Market estimate for cybercrime losses in North America
- Accenture buys US Mortgage processor
- Sergio Ermotti appointed interim UBS CEO
- Banks must work harder to attract 'Facebook Generation'
- Banks borrowed $1.2tr of secret US federal funds
- China Investment Corporation seeks UK bank investment
- HSBC T&B bidding for parts of WestLB
- Rethinking of US infrastructure bank
- India Post-bank soon?
- RBS bigger loss - underlying progress
- Swiss / German withholding tax - template for future?
- US finally pushed towards EMV cards
- NCR Bill Pay Kiosks
- Visa to chip its cards in the US
- PayPal details POS retail push
- Useful stats on the UK smartphone market
- SWIFT Letters of Credit automated settlement
- Elavon to accept China Unionpay cards
- UBS rogue trader losses approx $2bn
- IBM & Security First in Cloud Security venture
- HSBC - expense cuts not straight to the bottom line
- Germany may not ratify Swiss tax treaty
- Moody's AAA for Footballer Ronaldo as collateral
- Hugh Osmond is 3rd bidder for Lloyds branches
- Berchtold & Meister to head Credit Suisse Private Banking
- Study see moderate Swiss banking growth.
- TStone & Flowers joint bid for Woori?
- UK banks retail market share
- BillToMobile now had top 4 US carriers
- New CEOs and Chairman at Deutsche Bank
- Rothschild investing Chinese funds in other countries
- HSBC selling non-life insurance businesses
- VITAband wristband - the future of contactless payment?
- Citi gains as loan losses fall
- UK banks retail ombudsman complaints
- The lesson from the European stress test.
- Citi may keep store card unit
- JPMorgan profits boosted loan loss reductions and Investment banking
- Standard Chartered acquires Gryphon Partners
- Friday night is European stress test result night
- Bank governance changes required
- Business & law enforcement form new anti-Cybercrime org.
- PayPal buys Zong
- China was major buyer of CCB stake
- IBM to provide Garanti Bankasi with new servers
- 1 in 4 UK new businesses set up by older people
- RBS banking customer complaints INCREASE 40%
- UK considering 3X greater liquidity levels for banks
- UK Airlines surcharge for debit card banned - overall ban may follow
- Fed generous to card issuers on Durbin cap
- UK Retail ring-fencing not before 2015
- New shape of HSH Nordbank
- IMF Chief in controversial boost bank capital call
- Minor loss only at Anglo Irish
- ABN in profit and more expense cuts
- Danish banking reform
- Bank of China result
- LBBW recovery on track
- Raiffeisen profits up significantly
- Credit Agricole S.A. profit up - underlying trend not so good
- Horta-Osorio determined to conclude Lloyds branches sale this year
- VocaLink surprise dropping of Sepa services
- Standard Chartered seeking controlling share of Warka Bank
- Japanese Bank lending falls slightly.
- US mobile networks preventing mobile contactless payment?
- BCP may sell Bank Millennium
- Delay for UK bank ring fencing rumoured
- Commerzbank results hit hard by Greek bond writedowns
- Capital One purchase of HSBC US Card business
- Multiple bids reported for Anglo Irish US loan book
- UBP & Chung Wei Yi Asia Pacific tie up
- StanChart yet again reports record profits
- Major drop in banking complaints at Lloyds Banking
- Mobile commerce grows fast in UK & Germany
- Plans for .bank top level domains
- Sean O'Sullivan appointed HSBC COO
- Lazard profitable significant growth
- Credit Suisse profits down - announces cuts
- UBS result
- Estimates of SIFI capital surcharges applied by bank
- French bank hit hardest by Greek settlement
- Good result from U.S. Bancorp
- UK Co-op restructures insurance - may sell life arm
- StanChart may buy Piraeus Bank Egypt
- Bank of America needs $50bn additional capital
- Helaba says has withdrawn from European stress test
- French banks most exposed to Italian sovereign debt
- UK Banks give up on cheque abolishment idea
- Durbin will cap more prepaid cards than expected
- Metro small loss for period till end of 2010
- Another bank onshores call centre
- Challenge to BoA Mortgage settlement takes shape
- Bank of America sells Balboa Life
- French card interchange fees reduced
- NYSE Euronext shareholders approve Deutsche Borse deal
- Fiserv buys CashEdge
- Horta-Osorio manifesto for Lloyds Banking
- StanChart double digit profit increase forecast
- Mood music for LSE / Nasdaq merger?
- BoA $8.5bn mortgage settlement offer NOT a done deal
- Small profit at IKB
- BT launches managed secure messaging service
- Stuart rose chairs Mobile Money Network - company launches Simply Tap
16th September 2011
Mobile payments may exceed 15bn in 2013
The World Payments Report commissioned by Royal Bank of Scotland, Capgemini and Efma suggests there were approximately 3.1m m-payments in 2009, around 1.2% of global non-cash payments. This number is said to increasing at nearly 50% per annum suggesting 4.6bn in 2010 and potentially reaching 15.3bn in 2013, equal to 15% of the level of card transaction, therefore around 6% of all non-cash transactions.
The aggregate value of m-payments is calculated as increasing at 52% compound annual growth. The value estimate for 2010 is €62bn (£54bn $85bn ¥6.5tr Y544bn) rising to €223bn (£194bn $306bn ¥23.5tr Y1,958bn) in 2013. The reports expects banks to handle 92% of m-payments in 2013, down slightly on the 94% in 2010.
Non-cash payments grew 5% in 2009, card payment was up 9.7% and epayments are expected to grow at nearly 20% reaching 30.3bn in 2013. Global cheque usage is estimated at 16% of non-cash payments in 2009 down from 22% in 2005.
