Wednesday, 3 September 2008

Mobile transactions worth $600bn worldwide by 2013

You wait ages for a story involving NFC, then three of them come along within a couple of days. Juniper Research says mobile money transfers and purchases of digital and physical goods will generate transactions worth over $600bn by 2013; that's an increase of almost ten times today's levels. Although today's mobile market is dominated by digital goods purchases such as ringtones, music, games and infotainment, the company's report says there are three high potential markets that offer major new opportunities for the future: contactless NFC, mobile money transfer and physical goods purchases via mobile devices. Juniper Research has published reports on mobile transactions and mobile shopping earlier this year. [Source:]

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