News Articles

Tuesday, July 5, 2011

Mobile payments market expected to almost treble in value by 2015

Last month Juniper Research said the number of mobile phone users making payments for digital goods was expected to reach 2.5 billion worldwide by 2015, a 40% increase from this year’s forecast of 1.8 billion.

It’s now published a new study that looks at all mobile money transactions. The company says the total value of mobile payments for digital and physical goods, money transfers and NFC transactions will reach $670 billion (£416 billion) by 2015. That’s a dramatic increase from $240 billion this year.

All segments are expected to show two to three-fold growth over the next five years, driven by the adoption of mobile ticketing, contactless payments, physical goods purchases and money transfers. NFC transactions alone are expected to approach $50 billion worldwide by 2014.

David Snow, senior analyst at Juniper Research, said “Our analysis shows that emerging segments such as physical goods payments, NFC and money transfers will fuel market growth by a factor of 2.7 times by 2015. Digital goods is the largest segment and, although forecast to more than double, it is not growing as quickly as some of the newer segments.”

Payments for digital goods are forecast to account for nearly 40% of the mobile transaction market in 2015.

[Whitepaper; report]

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

Categories: NewsNumber of views: 2145

Tags: ticketing research nfc banking payments

1 comments on article "Mobile payments market expected to almost treble in value by 2015"

0
0
Avatar image

saperillo

7/6/2011 5:30 PM

I can't wait for the day when NFC is fully rolled out and I can finally get rid of all of the credit cards in my wallet!

Source: www.creditcards.org/article/nfc-adoption-will-make-credit-card-payments-breeze-.html

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

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

Archive Calendar

«August 2021»
MonTueWedThuFriSatSun
2627282930311
2345678
9101112131415
16171819202122
23242526272829
303112345

Archive

Terms Of Use | Privacy Statement