News Articles

Friday, April 6, 2012

Mobile payment transactions forecast to almost double every year until 2015

New research from KPMG predicts that the value of global m-payment transactions will grow by 97% per year over the next 3 years, reaching £591 billion by 2015.

The company says this growth will be fuelled by consumer demand for NFC-equipped devices and by the growing desire of consumers to shop in environments that are ‘always on, always fast and always accessible’.

David Hodgkinson, senior manager in KPMG’s customer and channel consulting team, said “Growth in the m-payments marketplace will be driven by customers’ increasing need for convenience and the development of a raft of new applications enabling commerce in the palm of our hands. Today premium SMS dominates mobile payments, but by tomorrow contactless and cloud-based services will dominate, with an expected market share for contactless of 37% by 2015.”

[Report (pdf)]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 1304

Tags: researchnfcpayments

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement