Mobile Payments Under the Spotlight

Portio Research has released Mobile Payments 2012-2016, which offers analysis and forecasts for the worldwide market for mobile payment services, including Near Field Communication (NFC) technology. 

In 2011, there were 197.8m mobile banking users worldwide. This number is forecast to cross 1bn by the end of 2016. At the same time, in 2011, there were 158.1m mobile payment users worldwide, and this number is also forecast to break 1bn by end-2016. Mobile payment volumes, which denote the face value of purchases and transactions through mobile handsets, stood at USD 159.3bn in 2011, and are projected to comfortably cross $1 Trillion by end-2016.

The report covers Google Wallet; mobile payment users and volumes; NFC; mobile ticketing and coupons; in-app payments; mobile banking, case studies of key players; smartphone shipments; drivers and inhibitors; business models and more.

There’s more information about the report here.