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MobileMadMan

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MobileMadMan

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Tuesday, 07/02/2013 5:53:37 PM

Tuesday, July 02, 2013 5:53:37 PM

Post# of 14708
Mobile payments to grow 44 percent in 2013

Technology research firm Gartner Inc. said in a mobile payments forecast that worldwide mobile payment transaction values will reach $235.4 billion in 2013, a 44 percent rise from $163.1 billion in 2012.

Concurrently, the number of mobile payment users worldwide will reach 245.2 million in 2013, up from 200.8 million in 2012. However, Gartner is lowering its mobile payment growth projections through 2017.

Gartner Research Director Sandy Shen said the reduction in its mobile payment forecast was due to "lower-than-expected growth in 2012, especially in North America and Africa," with the adoption of NFC technology in all markets remaining sluggish and mobile wallet initiatives such as Google Wallet and Isis "struggling to gain traction."


http://www.greensheet.com/emagazine.php?story_id=3622



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