Tendencia De Los Metodos De Pago Alternativos En Internet

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Internet Newsletter
September 2011

PRELIMINARY | SUBJECT TO FURTHER REVIEW AND EVALUATION
These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit Suisse AG or its Affiliates (hereafter “Credit Suisse”).

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Welcome to the first edition of Credit Suisse’s monthly Internet newsletter series.Beginning with this edition, we will be distributing a monthly publication highlighting recent developments in the broader Internet industry. Each month, we will take a fresh, in-depth look at a specific sub-segment of the Internet universe and present an overview of current trends in the equity and debt capital markets.
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This month, we discuss recent trends in the rapidly evolving alternative payments space. This segment is becoming increasingly important as consumers utilize a growing number of alternative payment solutions available both online and across the mobile web and apps ecosystems. New models for serving consumer and merchant

ImranKhan Managing Director Global Head of Internet Investment Banking

segments are redefining the addressable market opportunity for many companies pioneering solutions and platforms in the industry. Moreover, as payment processes have become more complex, opportunities for new entrants are growing and a number of nascent companies are disrupting the status quo.

Tel: +1 415 249 2104 Email:imran.khan@credit-suisse.com

The Credit Suisse Internet team is ready to partner with you and your business. We look forward to continuing our dialogue with you soon.

Best regards,

Imran Khan

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Table of contents
September focus: Alternative payments Equity capital markets update
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M&A market update Internet company metrics Debt capital markets update

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September focus: Alternative payments

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Recent trends in alternative payments
1Transformation Innovation in payment technology continues to grow at an ever increasing pace facilitating the mainstream use of alternative payments Incumbent players must continue to adapt in order to meet increasing consumer demands New payment communities add additional opportunities for alternative payments
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Mobile

Key mobile applications such as smartphones, mobile payments, and location based services are beginning to show explosive growth trends A growing number of smartphone applications tailored to local venues are growing mainstream use Mobile payments could displace physical wallets

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eCommerce

A variety of payment options atcheckout help eCommerce merchants reduce cart abandonments and increase sales The distinction between online and offline is increasingly converging Several companies are developing a “virtual wallet,” allowing quick and convenient payments using consumer’s smartphones

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Social

Opportunity for a payment platform to work with both consumers and brands The popularity of virtual goods is climbing,creating an entirely new consumer marketplace

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Peer2Peer lending

New cheap and convenient methods of transferring money, such as email money transfers and SMS money transfers are making it simpler for individual consumers to share and transfer money directly Stricter lending criteria and a dissatisfaction with high commercial banking fees and loan rates has created large market places...