Xcellink Expects Rapid Growth in Mobile Commerce and Expects Its Patents to Be Key
* Reuters is not responsible for the content in this press release.
LAS VEGAS, NV, Aug 17 (MARKET WIRE) --
Xcellink International Inc. (OTCBB: XCEL), an advanced
platform-independent developer of customer-centric payment systems and
methodologies, today welcomed Mobile Telecommunications Industry
observations predicting rapid growth in mobile payments using smart
phones.
Informa Telecoms & Media predicts that 300 billion mobile payment
transactions will be made in 2013, totaling US$800 billion, according to a
new report. It also suggest that revenue from mobile payments in 5 years
time will be as high as US$10 billion, a twelve-fold increase on what we
see today.
The report also predicts that mobile transactions will change in nature;
whilst in 2008, approximately one third of mobile payments were for mobile
content such as ringtones or games, by 2013 people will be far more likely
to be using their mobile to purchase physical goods and services.
Alongside this, users of mobile banking are predicted to grow
significantly, from 67 million in 2008 to 977 million in 2013.
A scan of the industry reports will show that the effort going into mobile
payments at the moment is huge: Many banks, often in conjunction with
communications companies are trialling payment systems based on near-field
communications around the world, new software solutions are facilitating
remote payment over mobile internet connections, remote imaging of cheques
is becoming common, and hardware manufacturers are producing add-on phone
items that allow some of the older card techniques to be accommodated.
"We fully agree with the industry trends that there will be exceptional
growth rates in mobile payments over the coming years," commented a
Company spokesman. "But this is only the beginning. As new developments
allow even faster and more immediate communications to mobiles, and more
integrated services utilizing near-field links between mobiles and
businesses, then our patents which address some of the problems in the
currently available solutions will be key to a whole new range of
services based on consumer-centric solutions that will revolutionize
personal trade."
About Xcellink
Xcellink International Inc. is a developer of advanced
platform-independent customer-centric payment systems and methodologies.
Xcellink's patented system has the technical ability to replace all
credit, debit, charge and smart cards, providing all functions of order,
warehousing, delivery and payment for all types of goods and services in
a customer-centric manner that is more efficient, economical, and secure
than systems operating today. Xcellink's unique process enables
customers, rather than the merchant, to initiate, control and pay for all
transactions, without the need for credit cards, in real-time anywhere,
anytime, and at a fraction of the cost of current transactions.
Please visit www.xcellink.com
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including, without limitation, continued
acceptance of mentioned products, increased levels of competition, new
products and technological changes, dependence upon third-party
suppliers, intellectual property rights, and other risks detailed from
time to time in reports filed with the Securities and Exchange Commission.
Investor Relations Contact
Name: Barry Duane
Email: Email Contact
Toll-Free Phone: (866) 953-XCEL (9235)
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters