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Do the “Bump”
PayPal is leveraging proximity capabilities for P2P payments iPhone and iPod touch Android Technology already taking on non-payment capabilities LinkedIn has a “bump” feature that allows users to swap contact information Tower Group expects that this functionality will extend this functionality to C2B as well Point-of-Sale Transit
Mobile Payments Represent Four Payment Types
Mobile Person-to-Person Adds transactions to social networking Convenience of immediate value exchange
Mobile Remote Payments
Mobile Internet service Used for mobile top-up, content, tickets, account funding
Mobile Remittances Builds off traditional international remittance market
Mobile Point-of-Sale Payment
Based on contactless and near-field communication (NFC) technology Eliminates cash and plastic for transit fares or tolls and other payments Technologies exist, but solutions pending
Cross-border, multicurrency New solution for a big market
Source: TowerGroup
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