Thursday, April 21, 2011
U.S. Mobile Payments: $54 Billion in 2015
Mobile bill payment, in which consumers pay bills via mobile phone, currently makes up the bulk of the United States mobile payment industry. Mobile point of sale, in which a consumer’s phone is used as a point of sale device, accounts for just over five percent of activity, but is expected to grow by 127 percent in the next five years, to $54 billion in transactions. Mobile contactless is expected to grow 1,077 percent by 2015. The gross dollar volume of mobile payments overall is expected to grow 68 percent by 2015.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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