Consumers around the world are increasingly looking to manage aspects of their lifestyle, social interaction and financial activity on their mobile phones and tablets. As a result, mobile banking, payments and commerce are all growing at a staggering pace and are predicted to grow even faster over the next few years. Providing consumers with secure mobile convenience and functionality, therefore, is rapidly becoming a strategic “must” for banks and retailers alike—one of the many examples of increasing similarity, or “convergence,” between the financial services and retail industries. Driven by the fast-changing preferences of consumers, mobile banking, mobile commerce and mobile payments initiatives are now proliferating across all regions.