Opinion on New Payment Technologies in South and Central America

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Type Product title / description Pub Price
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2013: the year of the cloud

The lackluster performance of NFC-based wallets globally compared to the relative success of cloud-based payment models using bar and QR codes suggests that the latter will continue to see rapid development in the year ahead.

Published By Datamonitor
02 Jan 2013
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Amex launches Twitter payments

American Express has extended its Sync service with social media site Twitter to allow users to pay for purchases using special hashtags. Although unlikely to remain anything but a niche offering, Amex's move is focused more on its traditional space of consumer targeting and reward programs.

Published By Datamonitor
18 Feb 2013
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Amex to restructure business with a renewed focus on digital

American Express's plan to restructure its business - chiefly its corporate travel unit - is a defensive move by the payment provider to align itself with the growing consumer preference for technology-based services. The move also reinforces wider company developments, shedding some light on American Express's long-term strategy.

Published By Datamonitor
17 Jan 2013
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Apple announces the upcoming launch of its Passbook digital wallet

Apple recently announced that its first digital wallet service, Passbook, will launch alongside iOS6 in the autumn of 2012. The system does not yet support payments and is not NFC-based, but Passbook is likely to be a major milestone in the development of mobile payments.

Published By Datamonitor
12 Jun 2012
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Apple takes a different path to quietly enter the world of mobile payments

The launch of the iPhone 5 reconfirms Apple's strategy to rule the global mobile payments space by focusing on what it will take for consumers to shift their payment behavior in future. The iPhone 5 from a payments point of view is essentially only skinnier and faster, notably with no NFC functionality, but its Passbook features in iOS 6 hold the most likely indicator of its long-term intentions.

Published By Datamonitor
13 Sep 2012
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ATM outsourcing: a viable option for struggling banks

In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative. With a widespread lack of capital for costly upfront investments, renting ATM hardware and associated services becomes an attractive, and in some cases the only feasible, option to struggling banks.

Published By Datamonitor
24 Apr 2009
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Bitcoin faces growing regulation

With controls being placed on capital outflows in beleaguered Cyprus, Bitcoin is gaining in terms of both value and media attention as many begin to wonder if the unregulated peer-to-peer "cryptocurrency" is the answer to government-backed asset grabs and capital controls. However, with the currency growing in value, the regulatory noose on Bitcoin may be tighter than many think.

Published By Datamonitor
27 Mar 2013
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Blocking payments won't stop piracy

The nature of online piracy and emerging digital payment methods means that restricting payment options is likely to have only a limited impact. For payment companies this risks alienating some consumers and pushing them towards potentially untraceable alternatives; however, the risk of bad PR means providers may have little choice.

Published By Datamonitor
22 Feb 2013
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Brazil's consumers embrace cash-free payments

Despite fewer merchants adopting point-of-sale terminals to process transactions and a rapidly expanding ATM network, Brazil's consumers are embracing cashless payments at an ever-increasing rate. Businesses operating in Brazil would be well advised to embrace the latest payment technology to exploit both its popularity and added security.

Published By Datamonitor
23 Nov 2011
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Card not present transactions remain a challenge for the global payment industry

Increasing demand for consumers to perform payments without their physical cards, such as online payments, poses a challenge for the global payment industry on how to facilitate this demand while at the same time managing risk in the card not present (CNP) payment sector.

Published By Datamonitor
03 Aug 2012

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