Home  |  About Us  |  Contact  |  Social Media  |  News  |  Create  |  Develop  |  Refine  |  Protect  |  Invest  |  
The Total Image Group   ...Business Alchemists

A regularly updated resource of information and news items.

Posts Tagged ‘payments’

Facebook: What’s Next For Messenger?

Posted Thursday, April 2nd, 2015

Summary

  • FB’s introduction of payment in FB Messenger suggests that it will be the leading mobile communication platform for FB.
  • WhatsApp will be increasingly irrelevant as FB is most likely to convert WhatsApp users into FBM users.
  • Expect further service offerings to include dining, travel, wireless services, taxis, etc to be added to the FBM ecosystem.

FB’s introduction of payment in FB Messenger rather than in WhatsApp is a clear indication that FB Messenger will be the leading mobile communication platform for FB and that WhatsApp users will eventually be migrated to the FB Messenger platform with the goal of driving FB penetration higher. This suggests that FB’s acquisition of WhatsApp is purely for user acquisition and a defensive move against the emerging Asian mobile communication peers.

At the time of the acquisition, it was apparent that FB was falling behind the mobile communication/social networking trend and it was critical for FB to gain a presence in this space. WhatsApp’s acquisition provided FB with the user base and the time for it to formulate a plan to counter the Asian threat, and this justifies the premium FB paid for WhatsApp at around $42 per user when peers are valued at roughly half of that.


How long until you’ll be buying your groceries with your phone?

Posted Friday, April 8th, 2011

In light of recent advances in technology– the mobile payment sector is fighting to be the next big thing.

While our friends in Asia and parts of Europe have already been making purchases with their phones, mobile payments in the UK haven’t really taken off.

The biggest problem with mobile payment and top of everyone’s greatest worry is security. When it comes to people’s payment processing, data is of the utmost importance. People are generally very reluctant to enter their payment details when very few sites offer any obvious security measures.

There are 3 important factors to think of when you’re making a payment:

• Make sure it’s only sent to the POS system, rather than passing through third-party services.
• Your payment details are stored carefully on your phone
• Make sure it is encrypted when it’s sent to the POS system

However, despite the security measures and concerns million os people use the POS terminals and systems which in actual fact aren’t that secure. Ironically, there is no evidence that mobile payment is any less secure.

Starbucks has recently started accepting mobile payments. They claimed 3 million people paid for their coffee using the company app.

How long will it be until we pay for our Sunday newspaper using your smartphone?


 
©2018 The Total Image Group
Home  |  About Us  |  Contact  |  Social Media  |  News  |  Create  |  Develop  |  Refine  |  Protect  |  Invest
The Total Image Group Ltd is a company registered in England and Wales with company number 02595342
The company's registered office is Willow Corner, 7 Ackrells Mead, Little Sandhurst, Berkshire, GU47 8JJ