Excerpt from the World Payments Report 2011
The volume of mobile payments is expected to grow at almost a 50% rate in the next three years. The largest banks, especially those with a significant presence in the cards businesses and schemes, and mobile operators are investing in these new technologies, sometimes in partnership with producers of cell phones and providers of smartphone operating systems. It is uncertain at this point which models will be successful and how revenues will be shared.
This excerpt from the World Payments Report 2011 maps the mobile payments market into four quadrants and looks at today’s achievements, tomorrow’s opportunities, potential barriers to mobile-payments adoption, and ways to drive value.