Proxama Blog

11 March 2010

MoMo London - good news for mobile payments

I had a great time at MoMo last night - reminding me that I must get to these monthly meets more often. While the presentations on "How to Finance your Business in a Credit Crunch" were generally informative - no one said anything specific about current times. By contrast, the panel debate was excellent so I thought I'd share some of the points I picked up, particularly because the news is broadly good for mobile.

Funding

The same number of businesses will receive funding as last year but with smaller amounts, reflecting more sensible valuations.

The iPhone effect

The iPhone and app store have changed the market, but for a limited number of users only. Crucially, no billion dollar ideas will be seeded with Apple as the gate keeper. The coolest thing I saw all evening was a 2D barcoding app on the iPhone for sharing information from Air Source.

There is growth

The mobile applications and services market is still growing fast - despite recession.

The future's about money

Mobile payments is set to be the next big thing - if the consumer experience is good. We spend a lot of time working on the consumer experience - so I was pleased to hear this prognosis and look forward to being part of making it all happen.

Tagged with iPhone Mobile payments

0 Comments. Posted by Neil 21 April 2009

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What's this blog about?

We're genuinely excited about smart cards, near field communication (NFC), mobile phones and IPTV. We'd have to be - we work with them every day. This blog is part of our quest to share our insights and spread the word about the benefits these technologies can bring to payments and ticketing, loyalty and service discovery. We hope you'll like what you read and join the debate.

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