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Mobile Payments to Hit $500 Billion This Year Mobile Payments to Hit $500 Billion This Year

As smartphones and tablets have quickly rose to prominence in the tech industry, retailers have readjusted their business models to take advantage of the mobile shopping opportunities the devices provide to consumers. Now revenues from mobile payments are rising to …

Contactless Mobile Payments to Hit $10 Billion by 2018 Contactless Mobile Payments to Hit $10 Billion by 2018

Though the mobile payment industry has been slow to emerge for a variety of reasons, the deals and technology are now in place for the industry to take off. Market research firm Juniper Research today released a report predicting that …

NFC Mobile Payments Slowly Gaining Traction NFC Mobile Payments Slowly Gaining Traction
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Just over one year ago, banks and mobile operators were scrambling to implement NFC mobile payment systems. They were most likely convinced that Apple would soon put the technology into its latest iPhone, propelling demand for NFC services overnight. It’s …

U.S. Wireless Carriers Unite Around Mobile Payments U.S. Wireless Carriers Unite Around Mobile Payments
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The Electronic Transactions Association (ETA), a trade association for the electronic payments industry, today announced the beginning of its new Mobile Payments Committee. The committee will be a task force whose job it is to consolidate consensus on mobile payment …

Deutsche Telekom Looks to Expand its Mobile Payment Reach Deutsche Telekom Looks to Expand its Mobile Payment Reach

Yesterday it was announced that Deutsche Telekom and MasterCard have partnered to begin bringing mobile phone payment methods to more Europeans over the next year. Today it has become clear that MasterCard is not the only company Deutsche Telekom is …

MasterCard and Deutsche Telekom Partner for Mobile Payments MasterCard and Deutsche Telekom Partner for Mobile Payments

MasterCard and Deutsche Telekom announced today that they have entered into a partnership to bring mobile phone payments to more Europeans over the next year. Deutsche Telekom has around 93 million mobile customers that could soon be using their phones …

Worldwide Mobile Payments to Hit $171 Billion in 2012 Worldwide Mobile Payments to Hit $171 Billion in 2012

The IT analysts at Gartner, Inc. have announced that worldwide mobile payment transaction values will reach $171.5 billion this year. That is a 61.9% increase over 2011. The number of mobile payment users will also significantly increase this year, hitting …

Mobile Payments Could Become the Primary Method of Doing Business by 2020 Mobile Payments Could Become the Primary Method of Doing Business by 2020

We reported earlier that cash and coins were being used and accepted less in Sweden. The shift to make cash money a thing of the past in the country has sparked controversy and impacted its people tremendously. Some people feel …