Emerging Commerce
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Why now is the time to look at your strategy towards mobile payment and loyalty. What brands are operating in this space and what technologies are supporting them. Why now is the time to invest and why by standing still you will see your competitors overtake you. What we mean by Emerging Commerce and what is fueling hype in the growing area of mobile payments and loyalty. How you build change into your plans and what trends to look for.
Emerging Commerce
- 1. Emerging Commerce your role in the movement
- 2. A new wave of transactional technology platforms Omni-channel, not purely mobile we will focus on mobile today Continued understanding of the fast changing payment landscape We believe that the way humans transact will continue to change, we are a part of that change What is Emerging Commerce?
- 3. Who is leading the way? Brands Technology providers
- 4. Why should you be so excited about this? This is all about money There is the potential for you to do very well if you get this right Source:
- 5. Investment in fintech start-ups at a 5 year high Fintech is a very lucrative place to be Corporate and the investment community are increasing deal-flow Av number of deals and transaction value at a 5 year highSource:
- 6. Value of mobile wallet market to grow to $5,250 billion by 2020 Exponential+ growth Compound average growth rate of 127% Many headline grabbing figures like this being touted Source: $5,250 billion = 5.25 trillion = $5,250,000,000,000
- 8. Mobile payment growth why the hype? The potential to radically change behaviour Consumer understanding has reached a tipping point now is the time Currently retail understanding is based on assumed data. We can deliver actual data Mobile payments allow you to profile previously analogue customers using digital marketing techniques
- 9. Trends PITO witnessed the birth of Social and Mobile
- 10. Trends - Social Media Source:
- 11. Trends Mobile App Source:
- 12. Trends Mobile Wallet Source:
- 14. Where are you on the tech understanding curve? http://blog.netcore.co.in/?p=803Source:
- 15. Understanding of Analytic lag social media Source:
- 16. Understanding of Analytic lag mobile app Source:
- 17. Understanding of Analytic lag mobile wallet Source: Find a route to get the analytics you need Measure your success constantly Build change into your plans
- 18. We believe the world will continue to change, that rate of change will increase. Gordon Moores law presents opportunity Exponential pace of change New technologies Opportunity to change everything We live in Exponential times Sources: 1992- 2012
- 19. A digital product is never finished Agile delivery has change at the heart Source: Start with a MVP Define the fastest way to deliver the most benefit to all user groups Begin building your product Test and iterate Use your data for PR and competitive advantage
- 20. How we progress the movement together Be brave, lead us all and get your MVP out asap Find or create early metrics and use them as your USP Build in an agile and scaleable way, everything will change, build change into your plans Ask for help where needed, none of us can do all of this alone The biggest risk is not taking any risk... In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks. Mark Zuckerberg
Editor's Notes
- #8: 1. People are already using their mobile to pay for things2. People have started using the technology in the retail space 3%3. More than 50% general public know mobile payments exist 4.. Tipping point