Expectations of Global mPayment Transactions to Reach a $251.3 Bn value in 2013

Monday 2 December 2013, Amsterdam

A giant and rapidly multiplying number of purchases are being made from mobile devices. The surge in popularity of tablets and superphones has led e-commerce down the mobile highway. Businesses are expanding their offerings to mobile form factors, and in so doing are looking for a fully integrated mobile payment platform with which to capitalise on this significant revenue source.

Possible applications for mobile payment (mPayment) are endless. Fund transfers, public transit networks, online shopping, and bill payment are being drawn into the mobile arena. New applications even include coupons, mobile market, and mobile social networking into payment platforms.

By 2023, analysts believe that almost 50% of the world’s population will be regular mobile payment users. However, the world of mPayment remains heavily fragmented. The markets that have been enthusiastic adopters of smartphones and tablets have not all been fertile ground for mPayment. Regions and nations where this new paradigm has thrived have been unpredictable and wildly different in terms of standards and typical everyday usage.

The world of mPayment, although guaranteed to see explosive growth in the next ten years, is still wrapped in many questions. Which technologies or standards will prevail internationally? Which countries will be benchmarks for mPayment services in their respective region or globally? Because of fragmented industry standards and disparities between national mobile regulations, will mPayment apps have the same global reach as some of the world’s largest banks currently enjoy?

Most importantly: how can a transaction value that analyst calculate at $251 billion in 2013 be converted into revenue, how can this be increased over time, and in which markets will this happen with the greatest aplomb?

The latest report on the mobile payment market answers these questions through analysis of current trends, early successes, and discussion with incumbents in a highly developed national market. Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money isolates some early strategies for service rollout and what revenue streams may derive from these.

As mobile payment services become a daily means of exchanging monies in countless economies, it will become paramount for operators, banks, and e-commerce giants to enmesh them into their offerings.

Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money forecasts the performance of mPayment across the world’s economies. 189 unique charts, figures, and tables quantify mPayment revenue, mPayment transaction value and mPayment cumulative user forecasts in 5 world regions and 10 advanced and distinctive national markets. The report explores the services and strategies of 19 leading companies at all levels of the mPayment value chain, providing a comprehensive outlook on this value chain and relationships between players from top to bottom. To this end, this new report has also included an exclusive interview with the Royal Bank of Canada, banking and telecommunications incumbents

Mobile Payment (mPayment) Market Report 2013-2023: The Future of NFC, m-Commerce, m-Banking, P2P Transfers, and Mobile Money will be of value to current and future investors in the telecommunications, banking, e-commerce, and mobile device industries, as well as companies and research centres who wish to broaden their knowledge on this subject.