Informa says service revenues from mobile payments and banking will pass landmark in in 2013.
This rise of remote mobile payments, local (NFC) mobile payments, mobile banking and mobile money transfer (MMT) will generate 300 billion transactions worth more than $860 billion by 2013.Interestingly, Informa estimates that of the total value of mobile payments and transactions in 2008 – around $71 billion – approximately a third was spent on purchases of mobile digital content such as ringtones, games and music tracks
But by 2013, over 95 per cent of mobile transactions will be for physical goods and services.
Specifically, Informa predicts that 445 million mobile subscribers will be regularly using their mobile phone to purchase physical goods and services remotely by the end of the forecast period.
In 2013, approximately 11 per cent of all mobile handsets shipped will be NFC enabled and that over 178 million mobile subscribers will be regularly using mobile NFC phones to buy physical goods and services, such as tickets, locally at the point of sale.
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Furthermore, Informa forecasts there will be 977 million users of mobile banking services worldwide, up from just 67 million at the end of 2008.
Finally, 424 million consumers will be sending over $157 billion of personal funds via mobile domestically in 2013, while a further 73 million will be sending $48 billion of funds via mobile internationally.
