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Mobile Payment’

ClairMail Secures $13.8M in Funding to Strengthen its Mobile Banking Technology

ClairMail_LogoClairMail, a significant player in the mobile banking space raised a late round of funding to the tune of $13.8M. The mobile banking and payment solutions firm was backed by existing investors JAFCO Ventures, Northwest Venture Partners and Outlook Ventures, and was fronted by Investor Growth Capital. The firm aims to inject this money into strengthening its mobile infrastructure and for Research + Development.

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04 Oct, 2010
Prashanth Shantharam
MobilePay USA = Wallet!

mobilepayMobilePay, emerged out of its stealth mode at the TechCrunch Disrupt Conference in San Francisco with an innovative app for mobile payments. The free app, soon to be available to iPhone users in USA, is aiming to replace your wallet filled with credit cards, debit cards et al. Users can pre-load their card information and pay by just a few clicks on the app. What’s interesting is that potential merchants do not need any software or hardware implementation to partner with MobilePay.

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30 Sep, 2010
Prashanth Shantharam

>On Deck<

Global Mobile Ecosystem: State of Play

 


Study Reveals 15% of Consumers Have Used Mobile to Make Purchases

mobile-shoppingDemandware, an ecommerce provider in conjunction with AT&T’s sterling commerce conducted a retail study to find that more consumers are increasingly using mobile devices to shop. The key finding from their survey, which aimed to measure consumer attitude towards mobile shopping, indicates that 15% of the consumers have used their mobile devices to make purchases. On the flipside, consumers concern over mobile shopping security risks are quite high, coupled with ease of use concern may impede the growth of mobile shopping and payments.

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27 Aug, 2010
Prashanth Shantharam
Starbucks Mobile Payment Program Goes Nationwide in the US

starbucks-logoStarbucks card mobile app was rolled out today across USA and mobile payments would be accepted at their outlets in Target stores (which amounts to more than 1000 stores pan US). Besides making payments using the mobile phone, the application available for iPhone and iPod Touch permits the user to setup a Starbucks card, view transaction, check balance and reload the Starbucks card using a credit card.

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01 Apr, 2010
Prashanth Shantharam
Bump Phones, Transfer Money!

bump1PayPal has teamed up with Bump Technologies, and have launched a revamped iPhone app that lets you transfer money by just bumping two phones together. Here’s a situation – how quickly could you divvy up a food bill at a restaurant and sort out accounts instantly? The new app lets you calculate everyone’s share by splitting the check, even factoring in tax and tip. Then you just bump your phones together or choose a recipient from your mobile contacts and transfer money, instantly. All transactions between friends sorted, no sweat!

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16 Mar, 2010
Prashanth Shantharam
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    "Mobile is fundamentally reshaping how we as consumers spend from housing and healthcare to entertainment and travel, from food and drinks to communication and transportation. Mobile not only influences purchase behavior but also post purchase opinions. When the share button is literally a second away, consumers are willingly sharing more information than ever before. Mobile is thus helping close the nirvana gap for brands and advertisers who seek to connect advertising to actual transactions. The long-term battle is however for owning the context of the users. Having the best knowledge about the user to help drive the transaction is the simply the most valuable currency of commerce.” -- Chetan Sharma State of Global Mobile Industry Report1H, 2011



  • Data Point


    AdMob Witnesses 8 Billion Tablet Ad Requests In November, 2011. 700% y-o-y growth

    The Mobile industry will go from 6 Billion connections today to more than 12 Billion by 2020

    Public IT Cloud Services Spending to Reach $72.9 Billion in 2015

    Only 0.5% of advertising dollars goes to mobile phones even though people spend more than 8% of their media time using them

    428.7M mobile phones shipped in Q2, 2011


    74% of app downloads in the U.S are from iOS & Android Devices


    Mobile Search Advertising can be a $2 Billion to $3 Billion Market in 2012



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Surfmobee is a site dedicated to providing intelligence on the mobile ecosystem. We track the mobile r/evolution everyday by covering news, reviews, and analysis. We profile emerging and existing ecosystem firms and highlight their innovation and impact to this space. We also periodically publish insightful research that elucidate on the mobile universe issues, opportunities and trends
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