Wednesday, 29 October 2008

Money transfer and NFC will account for half of all mobile payments by 2013

A new report from Juniper Research says mobile money transfer and contactless Near Field Communications will account for 50% of the overall mobile payment market globally by 2013. It expects the mobile payments market to move from today's focus on digital goods (such as ringtones, music, and games) to customers transferring money and using NFC features to make purchases. In addition, the overall mobile payments market is expected to grow by a factor of ten between now and 2013. This week's Mobile News podcast includes an interview with Tom Whitaker of Masabi about the ways that m-payments and m-ticketing will change the way we use our mobiles. [Press release]

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