An article relating to this blog post on Finextra:
Mobile payments to soar - research
The popularity of mobile payments is set to rocket over the next few years, with the value of the market rising from $77.6 million in 2007 to $11.5 billion in 2011, according to a report from Juniper...
I find it really annoying that using a mobile phone as a token to make a purchase using NFC at point of sale is called "Mobile Payment". By the same yardstick using a contactless card is a mobile payment as it uses similar technology. I don't disagree
that a mobile phone will be the "token of choice" for many, myself included, but these NFC delivered transactions are not mobile payments. True mobile payments are paying for things using a mobile device remote from any point of sale and this is an area that
needs a great deal of work to make it user friendly whilst maintaining security and providing the right products and services before any real expansion will happen.