The number of mobile payment users worldwide will exceed 108.6 million in 2010, a 54.5 percent increase from 2009, when there were 70.2 million users, according to Gartner. Mobile payment users will represent 2.1 percent of all mobile users in 2010.Read more
Posts Tagged: payments
Making payments just got a little easier for owners of an Android phone with the news that PayPal has introduced its app in the Android Market.
The e-commerce business says that the app gives users easy access to many of its popular features.
The value of payments made using mobile phones for everything from music, tickets and games to gifts will increase five-fold over the next five years.
This is one of the forecasts made by Juniper Research in a region by region analysis which explores how the mobile phone is developing into a payment tool that will be used by more and more people, more and more often in future.
Not surprisingly, the report concludes that there is a significant opportunity for mobile payment services, systems, software and supporting services to underpin the processing of the spiralling value of payment transactions by 2013.
Howard Wilcox , the report’s author, noted that retailers need to move quickly to exploit the opportunity presented, and ensure that they maintain ease of use for their customers who are already familiar with web shopping from their PCs.