Alternative Payment Channels

Payments are moving from cash based to cash-less transaction. Across the globe consumers are shifting towards more convenient, faster and more secure channels of payment like online banking or prepaid cards. A number of companies are also testing technologies that let customers make payments with mobile phones. In developing countries like India, online third party fund transfers provided by banks are also considered an alternative payment channel. Electronic payments are gradually displacing paper-based payments as the preferred means of transaction in many countries. While online payment services or e-commerce are more prominent in developed economies owing to the high penetration of the internet, mobile payments have considerable reach in emerging economies like India, China, Brazil and Kenya as there are more mobile phones than bank accounts in these countries. These changing trends are creating opportunities for established as well as start-up companies offering a plethora of alternative payment instruments. The online and mobile payment market is expected to undergo substantial growth with even some government institutions supporting the development of alternative payment channels across various sectors.

Scope

This report will allow you to:

• Gauge the current market status of alternative payment channels
• Access previously unpublished data on the alternative payments market
• Identify the trends and innovations propelling the growth of alternative payments
• Gain insight into technology and infrastructure supporting electronic payments
• Scan the trends in developed markets and the opportunities in emerging markets
• Learn from the major players and their product portfolios
• Analyse the overall market potential for alternative payments

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Report Details:
Published: July 2012
No. of Pages: 87
Price: Single USer License:US$3800     Corporate User License:US$11400



Key highlights

• Non-cash payments are replacing cash payments
• Electronic payments are replacing paper-based payments
• Self-service is replacing branch banking
• The use of debit cards has grown faster than the use of credit cards, but this may change
• Direct debits are developing slowly

Reasons to buy

• Examine detailed insight into the variety of alternative payment channels currently available
• Key industry statistics have been compiled to give a holistic view of the major markets such as the US, UK, Italy, Germany, India and China
• There is a special emphasis on the opportunities available in emerging markets
• Gain insights into key regulations governing alternative payment channels 

Table of contents

1 Executive Summary

2 Alternative Payments
2.1 Alternative Payments - Market Presence
2.2 Types of Alternative Payments
2.2.1 Prepaid Cards
2.2.2 E-Payments Gateways
2.2.3 Mobile Payments
2.2.4 Voice biometrics a 'proven solution'
2.3 Financial Inclusion
2.4 Cross Border payments
2.5 Key Player Matrix - Payment Service Providers

3 Technology/Infrastructure
3.1 Introduction
3.2 Internet and Mobile Penetration
3.3 Internet Users
3.4 Internet users in the world by Geographic Regions-2011
3.5 Entrance of Telco's in Financial Services
3.5.1 Innovative Technology for Alternative payments
3.6 Role of ATMs and PoS (Point Of Sale Equipment)
3.6.1 Visa forecast for 2012
3.6.2 VPay
3.6.3 MBNA launches American Express-branded contactless credit card in the U.K

4 Developed Economies
4.1 Europe
4.2 The US - accelerating electronic payments
4.3 Japan

5 Emerging Economies
5.1 BRIC Countries - Economic Snapshot
5.2 BRIC Countries - Financial Inclusion
5.3 Brazil
5.4 India
5.5 China
5.6 Russia
5.7 Africa
5.8 Latin America - A window of opportunity
5.9 Emerging Europe

6 Key Regulatory and Industry Initiatives

7 Conclusion

8 Bibliography

List of Tables

Table 1: Prepaid Cards: New trends and innovations
Table 2: Electronic Payments by value and volume
Table 3: M-payment Business models
Table 4: Mobile Payments - Today and Tomorrow
Table 5: Percentage of banked households in 2009
Table 6: Active, unbanked clients of eight branchless banking pioneers 2010
Table 7: 2pay (to be renamed as Xsolla)
Table 8: AcceptEmail
Table 9: Adyen
Table 10: Chase Paymentech
Table 11: Chess
Table 12: CyberSource
Table 13: Failsafe Payments
Table 14: First Atlantic Commerce
Table 15: hyperWALLET
Table 16: Mi-Pay
Table 17: Introduction
Table 18: Payment Instrument (Major European Economies) (% of total number of transactions 2010
Table 19: Financial Access (Major European Economies) - Number of Branches per 100,000 adults 2009
Table 20: Financial Access
Table 21: Mobile Payments
Table 22: Financial Access - Number of Branches per 100,000 adults, 2009
Table 23 Payment Adoption
Table 24: Mobile banking and mobile payments in the United States
Table 25: Financial Access - Number of Branches per 100,000 adults, 2009
Table 26: Volume and Value of Transactions Settled Using Electronic Money - Japan
Table 27: Mobile Contactless payment market - key players
Table 28: Major Smart Card Services in Japan
Table 29: Financial Access - Number of Branches per 100,000 adults 2009
Table 30: Brazil - Payment Instrument by Volume (mn)
Table 31: US credit card balance growth 1999-2008
Table 32: Retail Electronic Payment
Table 33: Retail Electronic Payment
Table 34: Key players in the Indian Alternative Payment Market
Table 35: Current Payment and Clearing systems in Africa