Global m-payment transactions are expected to grow 97% per year, over the next three years, reaching a value of £591 billion by 2015, according to forecasts by KPMG.
A tad ambitious for mobile NFC payments perhaps! 5 years after the launch of contactless payments in the UK market share is I believe at about 0.03%. Are we seriously expected to believe that the subset of mobile contactless payments will increase to 30%
over the next 3 years?
© Finextra Research 2014