Top 10 FAQs About Mobile Wallet Marketing
Published on 28 Sep 2016
Webinar attendees asked some great questions about mobile wallet marketing. Below are the top 10 audience questions answered.
Have more questions or want more detailed answers? We’re here to help! Get in touch anytime; we’d love to chat.
1) What exactly is mobile wallet?
Mobile wallet is essentially the digital equivalent of all the everyday things included in a physical wallet.
Mobile wallet is a container of sorts, in the form of an app that comes pre-installed on most mobile devices. On iPhones it’s called Apple Wallet, on Android it’s Android Pay and on Samsung devices, it’s Samsung Pay. All of these brand names refer to the same core functionality.
What most people think of when they hear mobile wallet is that it’s about payments — the idea of paying via your mobile device. However, this is the tip of the iceberg.
There are two main kinds of mobile wallet passes: payment and non-payment. Payments related passes include credit cards, debit cards or other digital forms of payment.
(For an even more in-depth explanation of mobile wallet, visit our “Mobile Wallet Explained” page.)
2) What can be a mobile wallet “pass”?
A mobile wallet “pass” is the name for any item that is stored in a mobile wallet. (Mobile wallet passes are sometimes also referred to as “wallet cards” or “wallet items.” At Urban Airship, we call any item that goes into a mobile wallet a pass.)
Mobile marketers are still exploring the wide range of mobile wallet marketing options for mobile passes. As noted above, some of the most common kinds of non-payment passes are loyalty cards, coupons, and event tickets. Non-payment passes are the area where mobile marketers have the greatest opportunity to explore and experiment.
Unlike their paper or plastic equivalents, mobile wallet passes can be easily updated on the very same pass. For example, if you provide a digital coupon, you can update the mobile wallet pass with a new offer when the old one expires.
3) Do I need to have an app to offer a mobile wallet pass?
In a word: nope!
In fact, mobile wallet passes are a fantastic opportunity for companies who don’t yet have a mobile presence to create a mobile footprint — and at a much (much) lower cost than building out an app.
Since mobile wallet apps are pre-installed on mobile devices, this presents a much lower barrier to entry. Marketers can essentially use the mobile payment ecosystem to execute mobile wallet marketing that delivers a variety of value-added passes consumers want.
Urban Airship’s Reach tool allows you to quickly create a mobile wallet pass that you can distribute to your customers. (See a step-by-step guide to creating a mobile wallet pass here.)
Depending on how you want to use the pass, you may or may not need to involve your dev or IT team. We do have some clients whose marketing lead or graphic designer has created and distributed a pass without using additional resources.
If you want to use advanced features (like personalization or location-based triggers, for example) then you may need to pull in your dev or IT team. But there’s a lot you can do with a more basic pass to test the waters.
5) How would I send my customer a mobile wallet pass to use?
Sending a mobile wallet pass is as easy as sending a URL link.
You can send a link to download a wallet pass in email, SMS text, in-app messaging, through social media, or any other channel you’d typically use to communicate with an audience.
6) Would my customer know what to do when they receive a mobile wallet pass?
Our research shows that 54% of the 2,000 consumers we surveyed have already used mobile wallet — and they indicated that they’d like to use them more.
For those customers who aren't already familiar with wallet passes, you can also offer instructional text. Here’s a real-life example of the set of instructions we recently saw on Facebook.
7) What happens after I send a customer a mobile wallet pass?
A mobile wallet pass stays in a consumer’s mobile wallet until they delete it. Our aggregate data shows that up to 85% of passes are rarely deleted, with retention rates up to 95% for some brands.
Even better, once someone has your mobile pass in their mobile wallet, you’ve essentially created a communication channel with them. Why? Because mobile wallet passes can be updated.
Not only can the pass itself be updated, you can also send out notifications from mobile wallet that can appear on the user’s lock-screen, similar to push notifications coming from apps.
This ongoing communication channel enabled by mobile wallet marketing is a massive opportunity for brands.
8) Why should I try out mobile wallet marketing?
Because mobile wallet does not require any opt-in, it can act as a “lightweight app.” That allows you to message your customer without them ever having to install your branded app.
That’s good news if you don’t have an app — it’s also good news if you do. Because let’s face it: not everyone wants to install your app.
Beyond that, here are the top three reasons you should get started today:
You’re already behind where you customers want to be. Our research shows that companies are behind consumer demand for mobile wallet passes. The companies who catch up first will earn more customer engagement and loyalty.
Increasing your footprint on your customer's mobile device is a chance you don't want to miss. Mobile wallet use is growing, not shrinking. You have the chance to take advantage of this new channel for engaging and communicating with your customers.
It will make your customers love you even more. For non-payment wallet pass items like coupons and loyalty cards, mobile wallet is easier to use and way (way) more convenient. How often do you forget to bring along a coupon you’d intended to use? How often do you forget to bring your phone with you? Case closed. Mobile wallets mean your coupons, loyalty cards and other passes get used — and stay top of mind.
9) How long does it take to get up and running with a mobile wallet pass?
It all depends on what type of pass you want to create. A basic mobile wallet pass can be up and running within 2-3 weeks.
We typically recommend first time clients to start with a non-personalized campaign. This could be something as easy as creating a coupon pass with a generic discount code, and then distributing the pass (via a URL link) via social media such as Facebook.
Here’s an example of a real-life generic coupon:
Once you’ve gotten your feet wet, then you can take your learnings, iterate and create more and more personalized passes (essentially starting to build out a mobile wallet marketing strategy through your new mobile channel).
10) Do you have any examples of how companies have used mobile wallet?
Our Mobile Wallet Inspiration Guide is packed with ideas for using mobile wallet in your business.
You can also get more ideas from these case studies:
Ready to get started creating your mobile wallet pass? Your first 100 passes are free when you sign up for a trial of Urban Airship Reach.
Want to talk through mobile wallet with a solutions expert? Contact us and let’s think together about how you could put the power of mobile wallet marketing to work for you today!