Concise Analysis of International Mobile Payment Methods

DUBLIN, February 20, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/sjq5ws/global_mobile) has announced the addition of the "Concise Analysis of International Mobile Payment Methods" report to their offering. 

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"Concise Analysis of International Mobile Payment Methods", indicates that the practice of using mobile devices such as smartphones and tablets in online as well as traditional retail commerce continues to see growing acceptance around the world.

The report indicates that consumers globally are showing interest in mobile payments: less than a quarter of mobile Internet users surveyed in 2013 used mobile payments, but almost a third of those not using mobile payments planned to do so next year, with both shares being higher in emerging markets than in mature economies. Mobile payments are forecasted to reach over EUR 150 billion worldwide in 2013, with a strong double-digit growth forecasted for the next four years. Growth of non-banking mobile payments is projected to be stronger than banking payments, but the latter is will continue to dominate through 2014. Forecasts for NFC payments have been decreased due to slower than expected adoption. Growth rates, however, are expected to take off after 2016.

Acceptance of mobile payment varies by region.

In North America, mobile payment transactions are expected to reach almost EUR 30 billion in value in 2013, up by more than +50% from the previous year. However, mobile payments at point of sale in the USA grew less rapidly than expected. As a result, forecasts for mobile proximity payment were lowered, though triple-digit growth is still expected. 

In Latin America, mobile payment also has a great potential to develop in the region, driven by growing smartphone penetration. In Argentina, over 10% of Internet users used mobile banking and under 10% used mobile wallet. Of those who are interested in mobile wallets, the majority would prefer a bank as the mobile payment provider. 

Key Topics Covered: 

1. Management Summary

2. Global

3. North America

4. Latin America

5. Europe (Regional)

6. Central Europe

7. Western Europe

8. Eastern Europe

9. Scandinavia

10. Asia

11. Oceania

12. Middle East

13. Africa


For more information visit http://www.researchandmarkets.com/research/sjq5ws/global_mobile

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets