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More Mobile Banking Buyouts to Come?

5:45 PM -- Here's an interesting little snippet from a Tower Group blurb on Qualcomm Inc. (Nasdaq: QCOM)'s planned buyout of Firethorn Holdings LLC. (See Cha-Ching! Qualcomm Buys Into Mobile Banking.) The analysts reckon that this is only the start of a consolidation wave in the mobile banking space:

    This is just one of many acquisitions to come in the mobile banking and payment space. Aside from the Qualcomm/Firethorn deal, Metavante has taken a 51 percent stake in UK-based Monitise plc , First Data has invested in VivoTech and Obopay Inc. The mobile banking market continues to see accelerated investments in mobile banking and payments technology suppliers that are the driving force behind innovation - companies such as mFoundry Inc. , ClairMail, New Zealand-based MCom, and Australia-based Fronde are just a few. The dominant players in mobile, Internet, payments and information technology will surely take notice and consider acquisitions that could help drive their own strategy within the space.
The flowering of the mobile banking space has certainly taken long enough. I can remember people talking up mobile banking applications -- like those are starting to be loaded onto handsets in the U.S. now -- back in 2001.

— Dan Jones, Site Editor, Unstrung

AllKindsOfThings 12/5/2012 | 2:58:20 PM
re: More Mobile Banking Buyouts to Come? It seems like the cross industry process of debating how a new Value Chain Model could look like that offers something to all key players in the M-Commerce/M-Payment powerplay begins to bear fruit.

The results of the GSMA's model peoposal jointly driven by 35 Operators - many leaders in their markets - seems to stimulate new phantasy in the investment and M&A market.

Its anyway about time that the year long blockage and standstill between the mobile and finance industry now finally has a chance to be overcome, allowing to put earlier approaches like Mobile Wallets or the ill-fated SIMPAY into the dustbin of history.

Those who can demonstrate that they are going to own a piece of this cake are obviously in demand as candidates for investment and/or takeover.

The various value creating roles seem are quite reasonable separated in a GSMA published Business Opportunity Analysis on the topic, that cen be downloaded at http://www.gsmworld.com/docume...

All the best !
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