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Secure Transactions News

Mobile payment over US$ 300 billion within 5 years

Thursday 17 July 2008

Major findings from the report include:

  • Global annual gross transaction value will grow over 5 times by 2013,
  • The ticketing segment will be driven by consumer usage on rail, air and bus networks as well as sports and entertainment events. This will represent over 40% of the global transaction value by 2013,
  • The top 2 regions (Far East and Western Europe) will represent over 60% of the global mobile payment gross transaction value by 2013 for digital and physical goods,
  • Western Europe is currently dominated by digital goods and services sold via SMS, whereas the Far East & China region (specifically Japan) is already well established in physical goods sales over the mobile web, and has been for a number of years.

The report provides six year regional forecasts of mobile payments for digital & physical goods, providing data on subscriber take-up, transaction sizes and volumes as well as detailed case studies from companies pioneering in this market. Juniper Research interviewed 37 senior executives across a wide range of vendors and operators.