Mobile Payment Landscape

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Chief financial officers and treasurers are increasingly adopting mobile corporate banking, discarding decades-old methods of transferring funds such as banker's drafts and cheques, finds an HSBC global research. HSBC corporate customers are currently making $50 billion in mobile payment through its mobile corporate banking platform, HSBCnet. It is expected to reach $100 bn in global payments in 18 months. So far banks have primarily invested in mobile innovations focused on retail banking but B2B adoption is slowly taking off. Globally, 12 per cent of HSBCnet customers are active users.

A report on the state of global mobile money market: