Mobile payments and mobile commerce in general is a hot topic these days, with nearly every major player making a move in some form or fashion. Consumers want a seamless experience, and while we’re not there yet, the reality is right around the corner.
Diving deep into the world of mobile payments, Portio Research has published a comprehensive 110-page research report covering all facets of the technology as well as current and future trends. Mobile commerce is one of the fastest growing segments of the mobile industry these days, with Portio pegging the worldwide face value of purchases made using mobile phones at $68.7 billion in 2009, reaching $633.4 billion in 2014.
Meanwhile, over the same period, the number of mobile users who pay for goods and services using their mobile phones will increase a staggering 600% from 81.3 million to 490 million, according to the report. With these kinds of numbers, it’s easy to see why nearly every operator and stakeholder in the mobile ecosystem is scrambling for a mobile commerce strategy.
For an incredible amount of information, graphics and hard data, check out the report located here.