Quantcast

All Posts Tagged Tag: ‘mobile payment method’

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 levels unimaginable just half a decade ago. Market research firm Juniper Research this week released a new report predicting that …

Read More

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 contactless mobile phone payments in particular will see a big surge in the coming years. The report estimates that over …

Read More

NFC Mobile Payments Slowly Gaining Traction

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 2013 now, and the latest iPhones still do not have NFC technology. With Apple now seemingly obstinate on the issue …

Read More

U.S. Wireless Carriers Unite Around Mobile Payments

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 technology in the U.S. and throughout the world. All four of the major U.S. wireless carriers will be represented on …

Read More

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 courting to handle mobile payments through its network. Bloomberg today is reporting that Deutsche Telekom is in talks with many …

Read More

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 as a credit card. ‚ÄúThis is a huge step on our way to increase mobile payments,” said Thomas Kiessling, chief …

Read More

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 at least 212 million users. “We expect global mobile transaction volume and value to average 42 percent annual growth between …

Read More

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 safer because crime has visibly decreased in the region while the rural elderly find it increasingly more difficult to make …

Read More