The increasing adoption of smartphones is helping push the mobile payment transaction volume. According to In-Stat, transactions are set to increase at a pace greater than the number of users, as individuals adopt mobile payment solutions for an increasing portion of their payments. Moreover, as users become more familiar with mobile payments, and as more and more retailers support the technology, the rate of usage will increase exponentially.
All said the research company expects that the number of annual mobile payment transactions will increase to 45 billion in 2015 with this year set to be of real significance to the market growth.
Areas expected to generate significant activity in 2011 include NFC, mobile web payments, app store billing (including carrier billing integration) and micro-payments (virtual wallet solutions). Moreover, In-Stat talks about emerging concepts, which work as an intersection between payments and other applications to improve the consumer shopping experience…
And you can get more information from In-Stat’s website.