Disqus
New forecasts from Juniper Research reveal people will adopt mobile payment systems, it just takes time. According to the research company, around 52 million consumers will utilize such technologies as NFC (Near Field Communication) and other physical mobile payment methods to pay for everyday goods and services by 2011, driving the mobile payments market to $11.5bn.
By 2011, around 12% (nearly 470 million) of the total mobile phones in circulation will be NFC-enabled, thereby providing a significant marketplace for retailers to offer goods via mobile payment applications. So far, industry players in Far East and the U.S. have been most receptive to the idea of using RFID or NFC to facilitate mobile payments for physical goods and services…
More information is available on Juniper’s site.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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Mahesh Chawla
