Mobile Payment & Digital Wallets

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Mobile Payment solutions market map for DACH-region

Reports and analysis about Mobile Payment

Banks, digital wallets, and the future of mobile payments

Today, mobile payments. Actually, digital wallets. This annotation is important because the analysis' centers around VR Bank HessenLand und Volksbank ...
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Recent news

• 18. January 2018: Birch raises $1 Million: Birch is an app which – based on your spending history – recommends you the credit cards with which you would reap the biggest rewards. Although Birch is not from the DACH-region, I have included it here because it points at an overall “re-unbundling of payment”. Similarly to how FinTechs – after unbundling traditional banks – are slowly starting to re-unbundle (see ING-DiBa, N26, revolut: fairly good incumbents and FinTech re-unbundling ) again, we can observe a similar situation with mobile and digital wallets. Mobile payment apps (see Banks, digital wallets, and the future of mobile payments for an overview of different mobile payment apps) are similarly bundling different payment methods into one app. And in this bundling, the reduction of friction (e.g. choosing  cards that yield the biggest rewards, automatic redemption of vouchers…) will play an important role. Finally, in regards to “money” in general, I see Birch as another step into the move away from “money” to “financial management”. Birch, with its “reward-optimization” fits nicely into this theme. (Source: TechCrunch)
• 18. January 2018: MotionTag, among other things creating a “seamless” (i. e. zone-agnostic) ticket for public transportation. This makes them better than existing analog solutions. And, as for Digital Wallets to take it is required that they perform better than existing wallets MotionTag is an interesting examples for their adoption.
• 15. January 2018: According to etailment.de loyalty programs are “booming”. Although the magazine doesn’t specify what they mean by “booming” and although these cards are not necessarily used for paying, in the context of Mobile Payment & Digital Wallets an apparently increasing interesting in loyalty cards it is interesting news nonetheless; increasing amount of loyalty programs leads to fuller wallets and increased mental capacity: Each additional cards means an additionally heavier wallet and a more complex purchase process (i.e. choosing the right card). A virtualization of such cards could a) allow for automatic redemption of the right card b) make distribution of such cards easier c) make the wallet smaller. (Source etailment)

Mobile Payment solutions overview for DACH-region

Link to full table: Mobile Payment Solutions Overview DACH