Friday, May 20, 2011

Can Telcos Build a Transaction Business Out of Their Platform?

Designing%20the%20Platform2.pngAs telco executives continue to look for significant revenue opportunities, they seem to have latched onto mobile commerce, payments and transactions as a logical possible business.

In fact, say analysts at Telco 2.0, seven questions can be answered by mobile network operators, and each answer can contribute to one or more revenue streams.

It also is worth noting that other application or device providers will be able to answer some, and in some cases, many of the same questions, though. 

That’s why Facebook, Google, Apple, Amazon and PayPal already are getting ready for their own transaction services and applications.

Still, the ability to answer questions still might prove the foundation for new transaction-based businesses. Among the key questions are:

Who are you?
Where are you?
How are you?
Do you have credit?
How can we reach you? Operators not only can reach you via their own communications services, but often can associate together multiple addresses or identifiers.
Who do you know?
Any questions?

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