Purchasing Facebook Credits with Zong Mobile Payments
"At Glenbrook we believe that social eCommerce and virtual currencies are the new frontier of payments. Person-to-person transfers, charity donations, and micropayments for virtual goods (e.g. games, music, e-books, etc.) are exploding within social networks and as the 800-pound-gorilla in the social networking space, all eyes are on Facebook. Estimates vary, but $300-500 million in transactions may happen within Facebook in 2009 (note 1), although thus far precious few of those transactions are funded by a native Facebook payment mechanism."
Nokia Money - mobile financial services for the masses
"Nokia today introduced Nokia Money, a mobile financial service, which will offer basic financial management and payments from a mobile phone. It will allow you to send money to another person, using just their mobile phone number, pay for goods, services and bills or recharge pre-pad SIM cards. Financial services are widely considered a very significant market opprtunity for the future: there are 4 billion mobile phones, but only 1.6 billion bank accounts."
NTT DoCoMo hits 10m mobile wallet accounts
"The leading cellular operator in Japan, NTT DoCoMo, says that it now has 10 million regular users of its DCMX contactless credit card phones, run under its Osaifu-Keitai service (mobile wallet service). We understand that a subscriber is someone who pays for banking services as well as micropayment use on their phones, and there are many more handsets out that that have the technology installed."
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