Mobile payment transactions to hit $670 billion by 2015
Mobile payment transactions to hit $670 billion by 2015
According to a new study published by Juniper Research, the value of near-field communications (NFC) purchases, mobile-sourced money transfers, and mobile payments for digital and physical goods, will reach $670 billion by 2015. That’s a substantial jump up from the $240 billion Juniper Research has pegged for the total value of mobile payments this year. The research firm said that during the next 18 months, 20 countries will begin deploying NFC payment systems and services; transactions from those services will be in the ballpark of $50 billion by 2014. Most recently, Google announced its Google Wallet and Google Deals services in the U.S., and the search giant has large retail partners on board, including Citi, Subway, Mastercard, Sprint, Macys, and Walgreens. The Far East and China, Western Europe, and North America are the largest mobile payment regions, and those areas “will represent 75% of the global mobile payment gross transaction value by 2015,” the report said. Read on for the full release from Juniper Research. More →








