Wednesday, January 5, 2011

Mobile Payment Among Top-5 Trends for 2011

Mobile payments are expected to be among the top-five trends in the payments business in 2011. Mobile devices are poised to become a primary form of payment for millions of people around the world, according to the Aite Group.

Mobile bill payments will reach $214 billion in gross dollar volume in 2015, up from $16 billion in 2010, which represents a 68 percent compound annual growth rate. A November 2010 Aite Group report stated “Over the past 12 to 18 months, the United States has begun to move closer to a tipping point that will lead to the popularization of mobile payments.

No comments:

Which Firm Will Use AI to Boost Revenue by an Order of Magnitude?

Ultimately, there is really only one way for huge AI infrastructure investments up by an order of magnitude over cloud computing investment ...