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Juniper: M-payments to hit US$1.3tn

Juniper Research

Global mobile payment transaction volumes will increase nearly fourfold over the next five years to more than US$1.3 trillion, according to a new forecast by Juniper Research.

Growth will be driven primarily by sales of physical goods by both remote purchases and NFC transactions, says Juniper. “These transactions – which will account for 54% of the total value of mobile payments by 2017 – have already been bolstered by stimuli such as the widespread rollout of NFC support infrastructure and the increased engagement of operators with the m-commerce space.”

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