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Mobile payments will soar in the next three years (Infographic)

Categories: Mobile Payments
By: , IntoMobile
Thursday, January 5th, 2012 at 8:20 PM
mobilepayments1512

I have a friend who’s not very tech savvy. She not on any social network and doesn’t use a computer all that much. Ironically, she’s now at the forefront of mobile technology because she doesn’t use cash. Her paychecks are direct deposited, she uses debit or credit cards for purchases, and she makes most of her payments online. Now that she has a smartphone, she is one of 141.1 million users who used mobile payments last year.

And this is just the tip of the iceberg for mobile payments. According to an infographic from the Acquity Group, mobile payments are about to soar. Right now only 14% of companies now offer mCommerce solutions, and another 15% will sign on next year. Eventually, it will grow into a $670 million business by 2015.  Want to know more? Then you can check out the infographic below.

[Via the Acquity Group]

 

About The Author

Kelly Hodgkins

Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.

  • S Baiju

    This is a new insight in mobile payments, because usually we find two types of users- one by the tech savvy who venture into mpayments after using netbanking or other alternate payment delivery channels and the other -the unbanked like the users in Kenya and developing world. This could mean that a set of users could switch to mpayments by passing the learning curve of other channels, and it will really take off independently.

  • http://www.techendeavour.com/Mobile_Application_Development Mobile application development

    NFC is a technology transforming to a platform for payment modes. This short range technology will change the cash payments to contactless transactions. The payments and retail industry too will benefit.