Tuesday, May 15, 2012

Intuit Expects $5.5 Trillion in Retail Mobile Payments Volume by about 2017

According to Intuit, the percentage of people who use mobile payments are expected to grow from 6.8 percent in 2009 to 21.3 percent in 2012. By 2016 or 2017, Intuit believes retail mobile payment volume could rise to about $5.5 trillion.

But it isn't at all clear who the provider "winners" will be. Mobile service providers, banks, payment networks, retailers, application providers and handset manufacturers are among the potential suppliers.

Mobile Payments Infographic
Intuit

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