The Financial Supervisory Service reports that in 2008 44 billion U.S. dollars worth of banking transactions were made using mobile phones, while the first nine months of last year $79 billion dollars worth of transactions occurred.
Saturday, February 12, 2011
Mobile Banking Grows 200% in South Korea
In 2010, use of mobile phones for financial transactions and mobile banking in South Korea grew 200 percent. A Bank of Korea survey also shows that by September 2010, some 1.4 million people were registered for smartphone mobile banking.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Google's Take on Mobile Advertising
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Friday, February 11, 2011
Survey Suggests 8% of Verizon iPhone Buyers Switched from AT&T
A survey of 40 Verizon iPhone 4 buyers on launch day found that just eight percent were previously AT&T customers, compared to 18 percent with Sprint and 13 percent with T-Mobile.
The survey, conducted by analyst Gene Munster, Piper Jaffray analyst, polled users in New York and Minneapolis. Of those polled, 63 percent indicated they are already Verizon customers. Some 18 percent switched from Sprint and 13 percent switched from T-Mobile.
Read more here.
The survey, conducted by analyst Gene Munster, Piper Jaffray analyst, polled users in New York and Minneapolis. Of those polled, 63 percent indicated they are already Verizon customers. Some 18 percent switched from Sprint and 13 percent switched from T-Mobile.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
New Devices, New Behaviors
Kleiner Perkins Caufield & Byers Partner Mary Meeker says nearly half of all smartphone usage represents new activity, such as navigation, game playing, social networking or use of other non-traditional applications.
About 12 percent of activity is use of the web or web apps. About seven minutes a day is spent checking or interacting with email. About 32 percent of time is spent using voice or text apps.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
SureWest Sees Light Demand for 50 Mbps, Almost None for 100 Mbps
SureWest CEO Steve Oldham recently confirmed a stubborn fact: not many customers are willing to pay for a 50-Mbps Internet access service. “We have a 50 Mbps service that a few people are interested in. We would offer a 100 Mbps service if we had anyone who would want to buy it,”Oldham said.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Apple Working on Cheaper IPhones?
Apple is working on new versions of the iPhone that are aimed at slowing the advance of competing handsets based on Google Inc.’s Android software, according to Bloomberg.
One version would be cheaper and smaller than the most recent iPhone. Apple also is developing technology that makes it easier to use the iPhone on multiple wireless networks.
One version would be cheaper and smaller than the most recent iPhone. Apple also is developing technology that makes it easier to use the iPhone on multiple wireless networks.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Thursday, February 10, 2011
Mary Meeker's Latest Take on Internet Trends: Mobile has Critical Mass
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Sprint Makes More Progress
Sprint’s fourth quarter highlighted a company that has rebounded nicely, with almost 1.1 million net subscriber additions includng prepaid and postpaid customers.
Sprint added 58,000 postpaid subscribers, 519,000 net subscribers to its brand and prepaid subscribers of 646,000 to the Virgin Mobile, Assurance Wireless and Boost Mobile brands. Overall, Sprint added almost 1.1 million wireless subscribers—the most additions since the first and second quarters of 2006.
Postpaid churn also improved to 1.86 percent in the fourth quarter compared to 2.11 percent a year ago. Now that figure isn’t anywhere near the churn figures Verizon Wireless and AT&T enjoy, but Sprint is doing something right with its value pricing.
Sprint added 58,000 postpaid subscribers, 519,000 net subscribers to its brand and prepaid subscribers of 646,000 to the Virgin Mobile, Assurance Wireless and Boost Mobile brands. Overall, Sprint added almost 1.1 million wireless subscribers—the most additions since the first and second quarters of 2006.
Postpaid churn also improved to 1.86 percent in the fourth quarter compared to 2.11 percent a year ago. Now that figure isn’t anywhere near the churn figures Verizon Wireless and AT&T enjoy, but Sprint is doing something right with its value pricing.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
78% Use Mobile Location Features
Location-based services and apps are increasingly important. A new survey by JiWire shows 78 percent of mobile consumers use location-based apps on their phone, and 29 percent use them multiple times a day.
Some 34 percent clicked on an ad in response to location specific message, while 57 percent are more likely to engage with an ad that is relevant to their location, an increase from 46 percent in the first quarter of 2010.
About 17 percent have made a purchase in response to a location-based advertisement and 84 percent of people who use app-enabled phones have participated in a shopping activity.
On average, the mobile audience uses 1.6 devices to connect while on the go.
Some 34 percent clicked on an ad in response to location specific message, while 57 percent are more likely to engage with an ad that is relevant to their location, an increase from 46 percent in the first quarter of 2010.
About 17 percent have made a purchase in response to a location-based advertisement and 84 percent of people who use app-enabled phones have participated in a shopping activity.
On average, the mobile audience uses 1.6 devices to connect while on the go.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Will Google or Facebook Buy Twitter?
Executives at both Facebook and Google, among other companies, have held low-level talks with those at Twitter Inc. in recent months to explore the prospect of an acquisition of the messaging service, according to the Wall Street Journal. The talks have so far gone nowhere, these people say.
Twitter's Suitors Talk in Billions - WSJ.com (subscription required)
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Wednesday, February 9, 2011
Mobile Banking Can Deliver 300% Returns, Accenture Says
A study of 20 financial institutions around the world that offer mobile banking, commissioned by Accenture and conducted by TowerGroup, has found a Middle Eastern bank that is getting an eye-popping 300 percent return on investment by letting its two million mobile banking customers pay bills on their mobile devices, including topping up their pay-as-you-go mobile phones, paying utility bills, or paying a fixed monthly fee for a premium services package.
Another bank in Asia Pacific has achieved an ROI of 230 percent since launching mobile banking in 2007, according to the Accenture report.
Another bank in Asia Pacific has achieved an ROI of 230 percent since launching mobile banking in 2007, according to the Accenture report.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Mobile Apps Revenue to Triple in 2011
Besides the potential of making money directly from such creations, more and better apps can help devices powered by Google's Android operating system continue to gain ground on Apple's iPhones and iPads. It's all about the ecosystem, says Nokia CEO Stephen Elops.
Google to Boost Staffing for Development of Mobile Apps - WSJ.com (subscription required)
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
U.S. Mobile Payment Will Grow Quickly, Some Think
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
Starbucks Mobile Payment System: One Unfortunate Security Issue
The Starbucks mobile payment application has a security issue that could allow another person to "steal" the stored value on the linked Starbucks card.
Kelley Langford, vice president of sales and marketing at System Innovators, says the process takes about 90 seconds. One might argue the chances of such theft occurring are rather remote, and almost non-existent if a user keeps their iPhone in sight, in a pocket or a purse.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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