97% Growth of Mobile Payments, Through 2015?

Global mobile payment transactions are expected to grow 97 percent per year, over the next three years, reaching a value of £591 billion by 2015, according to a report by KPMG. 
That forecast is based, in part, on KPMG’s view that near field communications will be adopted at significant rates, both by consumers and retailers.

But KPMG still believes other methods will have wider use. “Today, premium text messaging dominates mobile payments, but by tomorrow contactless and cloud-based services will dominate, with an expected market share for contactless of 37 percent by 2015," says David Hodgkinson, senior manager in KPMG's customer and channel consulting team.