NFC x Bitcoin

Mobile Payments, NFC, Mobile Wallets, Digital Currencies… Gee, so many variables. Does the consumer care? Do Governments care? What does Retail think?

In fact, it’s all about

1. Trust

2. Simplicity

3. Velocity

So, what is NFC?

NFC is a medium for mobile wallet related transactions, which is very similar to the technology used in your Octopus card today. There are different NFC technologies and solutions out there, but do consumers care about the Octopus technology? Not really but

-       It’s simple

-       They trust the brand (most of the time, when they are not selling private data)

-       And it increases the velocity of money in the HK economy

The relationship between NFC and your mobile

As NFC migrates to your mobile phone or smart phone, you are likely to already have this technology on your phone. You will only need a wallet that contains your payment details.  There are a number of providers looking to set up the wallet. Here China Mobile just announced their mobile wallet.

Is NFC similar to a credit card?

It is similar to a credit card, which is linked to your banking account and goes to direct debit the balance. Consumers need to build their trust with the mobile wallet as medium. This will take time, like the Octopus card took time to gain the consumer trust and awareness.

Where to from here?

Now you have a smart phone combined with the transfer funds details using NFC. You have a mobile wallet that holds the information associated with the source of funds. However, the question remains what type of funds will you store in your wallet?

So, Can I pay with BITCOIN wallet (NFC)?

Wouldn’t BITCOIN just be another source of currency that you hold in you mobile wallet? If the retail outlet accepts payment in BITCOIN, couldn’t you just pay for your items using BITCOIN, just like the Singapore dollar or Hong Kong dollar or even your Visa and Mastercard?

What we already know

Sure BITCOIN fluctuates significantly in value and you have multiple different marketplaces with different exchange rates, but this is common in the stock market too. But is this the reason why Alibaba banned trading of BITCOIN on their marketplace? But can you still purchase products on Alibaba using BITCOIN?

Here is an example of retailer accepting BITCOIN for products

Overstock.com CEO: retailers must accept BITCOIN or sacrifice market share

Expensify allows staff to reimburse their expenses in BITCOIN

Jiangsu Telecom allows customer to use BITCOIN to purchase mobile phones

Ebay takes it’s first step towards virtual currencies including BITCOIN


Yet, the question is…

Why wouldn’t you accept payments in QQ-Bi or for that matter Facebook credits? Both are a currency with wide adoption in “micro payments” category? Can you imagine paying at a vending machine using your mobile phone with QQ-coins?

This is the interesting debate we want to get going, so join us at …

In Coins We Trust

Register Here

 

 

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Thanks to everyone who attended the Mobile Monday event on Dec 2nd 2013!

Thank you for attending the Mobile Monday event with topic “Wearable Technology x Startup”. It was a great success! We hope you enjoyed the conversations, made new connections, and walked away with innovative ideas and strategies. Come back soon for details on our next MoMo event, and we hope to see you again in Feb 2014!

Mobile Monday provides a platform for mobi-tech innovators, brand advertisers, developers, and business leaders with the advanced knowledge and tools needed to traverse the dynamic technology landscape and experience level. By being a part of our community, you will receive an unparalleled inspiration, network with potential investors, future partners and even possible employees to help you achieve great results! Subscribe to the MoMo HK newsletter.

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Mobile Monday is a global mobile tech networking function that provides a platform for regional top talents and industrial professionals, to engage in an interesting yet in-depth discussion on potential advances and solutions in the technology space. As we face complex and ever-changing technology topics on a daily basis, we gather leaders in the academic field, the marketing strategy function and the technology industry through this independent and fact-based insight opportunity.

Wearable Technology is a very innovative topic but not new to the Hong Kong ITC startup scene. We usually think that wearable technology is a costly investment, but are there any low costs technologies are just being uncovered? What are the up-and-coming trends in technology research on hardware, design and usage? How easy can startups do fundraising in APAC in this area? Apart from the futuristic Google glass and the Apple-like health tracker Jawbone, what will be the right users for the mass market? Come and get involved in the discussion!

 

Moderator Contact:     Ms. Cat Purvis – Co-founder and SVP of Exicon Global (cat@exiconglobal.com)

Date:                                Monday, 2 December 2013

Time:                                6:30PM – 9:00PM

Location:                         Coast Bar, Soho District Central. (Next to Pure Fitness)

Topic:                               Wearable Technology x Startup

Cost:                                HKD$100 at the door (with one standard drink)

 

Panelist:

1.     Prof. Tao X.M.- Chair Professor of Textile Technology, Institute of Textiles and Clothing, HK Polytechnic University, whose expertise lie in smart textiles and apparel, as well as wearable electronics and photonics.

2.     Dr. Lee K.K. (PhD. CUHK) – Young entrepreneur in Cyberport and Science Park, whose expertise in wearable display technology and the six senses research in coloboration.

3.     Mr. Nicolas Olivier – CEO of CooKoo

4.     Mr. Chandan Sethi– Founder of Vasvi & Former Program Manager of Nike+

 

Register Here

 

Sponsored by: turn Managed by:  questex

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TADS (Telecom Application Developer Summit) is the ONLY GLOBAL MEETING place for Developers who want to learn, share, code and create with the latest technologies in free and open source software, telecom APIs, unique telecom platforms, and WebRTC. It is a grassroots initiative from the people building this industry, Developers and Telcos can together create a sustainable and profitable telecom application ecosystem.

TADS is offering 25% off for MoMo members (promo code is mono_25). Don’t miss TADS in Bangkok on Nov 21-22 —  the global meeting place for developers and telcos who want to learn, share, code and create in free and open-source telecom software, telecom APIs (and web scripting), telecom application platforms, and WebRTC.

Learn more and register now via Telecom Application Developer Summit (TADS) www.tadsummit.com !

Do insurance companies & government have a role in your health? Should doctors have access to patient data & information? What if doctors really knew what you were doing? How do Fitbit, Jawbone, Endomondo etc

  • Reduce your premiums,
  • Improve your health,
  • Inform your doctor, and
  • Reduce doctor visits?

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Speakers:

John Stefanac, Qualcomm

Sean Rach, Regional Director - Brand & Corporate Affairs, Prudential Corporation Asia

Dr. Cheung Ngai Tseung, Chief Medical Informatics Officer,  HK Hospital Authority

Dr. Sandeep Jain, Dentist, Diestel & Partners

 

Date: Monday 7th October 2013
Time: 6:30-8:30pm (presentation will start at 7pm)
Venue: Bar Six, 6/F, Parekh House, 63 Wyndham Street, Central, HK
Cost: HKD$100 on the door (includes one standard drink)

Don’t miss it!

Register Here

 

Sponsored by: turn Managed by: questex

 

Other news & events – find out what else Mobile Monday can offer you! 

1. Free Pass-2 Free Pass
Register for Web Apps Developer Day & get a pass for free!
2. Win a Google Nexus 7-2 Win a Google Nexus 7 
Calling out to all developers  – Fill in a 10 min Survey & get a chance to win the new Goolge Nexus.
3. Platform for developers and startups-2 A platform exclusively for developers & startups
Mobilliance 2013: Mobile Startup Conference Hong Kong
Transmedia Learn how to pitch
Transmedia Storytelling & Media Pitching Workshop
07-08 October 2013, Singapore/ 10-11 October 2013, Hong Kong
Consumer Engage with consumers
Consumer Engagement & Experience Conference
21-22 October 2013, Singapore / 24-25 2013, Hong Kong

 

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Following on the incredible success of the inaugural Mobile Asia Expo last year, the GSMA is putting forth an even bigger and more exciting Expo in 2013. Mark your calendars now for 26-28 June 2013 at the Shanghai New International Expo Centre in Shanghai, China, for Asia’s best mobile industry event.

MoMo Members get a 15% discount for conference pass with Code: G15KSP4HM

Sponsored by: turn Managed by: questex

Deliver exactly the right message to the right device to the right customer. With access to the industry’s  billions  of  global  RTB  impressions  Ad  actions  can  include  click  to  call,  click  to  download   and click to website, mobile  strategies  have  evolved  to  take  full  advantage  of  Asia’s  thirst  for   smartphones.

Connect with like minded marketers at Mobile Monday and hear about the latest trends and case studies. Learn how best to optimize your mobile campaigns with the best tools and platforms for advanced analytics and reporting insights from specific mobile performance as well as performance details across your other channels such as display, social and video.

Come and join discussions, and get expert advice from our panelists on your campaign life cycle from messaging to campaign to delivery and how tracking is crucial for your ROI.

Panel Speakers:

Sean Seah, Managing Director - Groupon
Antony Yiu, Managing Director - iProspect
Joshua Koran, Senior VP of Product Management - Turn

Moderated by: Rosemary Tan, Head of Marketing & Digital - Unicef HK

Date: Monday 3 June 2013
Time: 6:30-8:30pm (presentation will start at 7pm)
Venue: KEE Club, Level 6, 32 Wellington Street, Central, Hong Kong
Cost: $100 on the door (includes one standard drink)

Turn works to contribute to the communities where we operate, aligning social values with business values. In collaboration with June MoMo  we are pleased to be supporting Feeding Hong Kong. For more information about their great work, please visit www.feedinghk.org

Prizes will be drawn at the end of the night for those wishing to help us support FeedingHK.
Charity Prize Draw: 8:30pm 

Register here

Join road warriors from a cross-section of industries for the exciting new format.

Help our warriors find the weapons to fight their common enemies and overcome the obstacles they face in the arena and on the road to make it back safely to base camp! Come help us prepare for battle!

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Making life more productive and convenient for the business traveler. From booking and check-in to roaming and Wi-Fi connectivity, how to cater to the road warrior in the app economy. Mobile Monday Hong Kong has changed its format — join an interactive roundtable discussion with 6-8 industry players from across the business travel value chain.

Date: Monday 6 May 2013
Time: 6:30-8:30pm (presentation will start at 7pm)
Venue: KEE Club, Level 6, 32 Wellington Street, Central, Hong Kong
Cost: $100 on the door (includes one standard drink)

 
Speakers:

Our fabulous Knights (and Knight-esses) of the Roundtable are Andrea Cartwright, – Portfolio Manager, Sales & Distribution Cathay Pacific Airways

Cathy Hornby – Director of Digital Strategy at McCann Worldgroup

Paul Tomes – Co-Founder and CEO at PassKit

Sergio Mello – Co-Founder and CEO at Satisfly

Jacqueline Chong – CMO, Green Tomato

Patrick Kosiol – CEO, Director and Co-Founder, S4BB Limited

Terence Kwok – Product Development, Tinklabs

Don’t miss it!

 

Register here