mPayments to Top $1.3 Trillion by 2017

Another day, another bold estimate for where mobile payments are heading. The scale of global mobile payment transactions is expected to rise nearly fourfold over the next five years to more than $1.3 trillion, Juniper Research says. “Mobile Payments Strategies: NFC, Remote Purchases & Money Transfer 2012-2017” presents the view that this anticipated growth will …   Read More

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Another day, another bold estimate for where mobile payments are heading.

The scale of global mobile payment transactions is expected to rise nearly fourfold over the next five years to more than $1.3 trillion, Juniper Research says.

“Mobile Payments Strategies: NFC, Remote Purchases & Money Transfer 2012-2017” presents the view that this anticipated growth will primarily be driven by sales of physical goods by both remote purchases and NFC transactions.

These transactions – which will account for 54% of the total value of mobile payments by 2017 – have already been bolstered by stimuli such as the widespread rollout of NFC support infrastructure and the increased engagement of operators with the mCommerce space.

“While we are now seeing significant deployments of contactless infrastructure, consumer awareness is extremely low,” says report author Dr. Windsor Holden. “Thus, it is imperative for all members of the NFC value chain to engage with the public to heighten its profile as a simple, intuitive payment mechanism.”

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1 comment

  1. Mobile development

    As the usage of mobile devices have increased a lot in few previous years, till 2017 very large number of people will be operating all their tasks via smart phone devices similarly as they presently performs with laptops. Since approx all the work will be done through smart phones, online shopping and other transactions will also be executed from mobile devices.

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