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Mobile coupon use to triple by 2014

Tuesday, December 8, 2009

According to Juniper Research, more than 300 million consumers around the world will have used mobile coupons by 2014, generating a projected value of $6 billion globally.

Juniper’s report finds that as smart phones are becoming more prevalent in developed markets, so are mobile coupon offers, particularly those that are linked to location based searches. For example, mall shoppers can use their smart phones to search the web for downloadable coupons for the stores at which they want to shop, leading them to the best deals.


The report also identifies several drawbacks of mobile coupon campaigning. For instance, most coupon schemes require users to provide their numbers, raising concerns about identity theft, spam and fake coupons.

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Reportlinker.com expects the global smart card market to grow 12 percent through 2014, it says in a new forecast report, according to ATM Marketplace.

“Smart Card Market Forecast to 2014” is a global look at the shipment of smart cards. Reportlinker.com estimates that shipments will be around 6.1 billion units in 2011, an 11% increase over 2010.

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CARTES in North America, a new annual card manufacturing, payment, identification and digital security expo and conference, has placed mobile payments at the center of its agenda of this year’s inaugural event.

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In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

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Swedish mobile operators Telia, Tele2, Telenor and 3 have formed a joint venture to offer a unified mobile wallet service. Operating under the name “4T,” the partners plan to deliver a mobile payments service that can be used on all handsets regardless of the cellular network.

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The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers.

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The Federal Trade Commission (FTC) has announced that it will hold a workshop on April 26 to examine the use of mobile payments and how this emerging technology impacts consumers.

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