Mobile payments to hit $860bn by 2013

Mobile phones will...

This Article Covers


Mobile phones will be used to conduct almost 300 billion transactions worth over $860bn by 2013, according to researcher Informa.

The $860bn figure is a twelve-fold increase in gross global transaction values in just five years.

"The mobile payments and banking market has evolved considerably over the last two years. Major industry initiatives led by the GSMA and significant commitments to the market from major financial services and telecoms leaders have changed the dynamics of this market," said John Darnbrough, author of the Mobile Payments and Banking report.

John Darnbrough said: "At last there is real evidence of demand for these services, some from the unlikeliest of places, such as the emerging markets of Africa and Asia."

"The prospects for growth and the emergence of new opportunities in mobile financial services are encouraging more players to enter the market."



Enjoy the benefits of CW+ membership, learn more and join.

Read more on Mobile hardware

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.