SOURCE: MarketResearch.com

MarketResearch.com

August 30, 2010 10:08 ET

Mobile Payment Transactions to Reach $56.7 Billion by 2015

ROCKVILLE, MD--(Marketwire - August 30, 2010) -  MarketResearch.com has announced the addition of MarketsandMarkets's new report "Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In U.S" to their collection of E-Financial Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2763962

The market for NFC (Near Field Communication) mobile payments in the U.S. is in the nascent stage with an adoption rate of only 1.7%; this represents a huge opportunity for early movers offering the same. Adopting NFC mobile payment will open new revenue channels for banks as well as mobile operators as more than 94% of the U.S. population owns a mobile phone, and 60% of these have a card slot in their mobile phone.

With the help of NFC technology, banks will be able to tap micro transactions made by cash, representing around 20% of the total transactions in the U.S. This will also help banks to capture the growing GEN Y population as well as the huge underbanked and unbanked population.

In 2009, the value of mobile payment transactions in the U.S. was $5.2 billion, constituting 6% of the global value of mobile payment transactions; this is expected to reach $56.7 in 2015, growing at a CAGR of 49.19%. The share of U.S. in 2015 will reach approximately 10.6% of the global mobile payment transaction.

Topics covered in the report include...

  • Market Structure
  • Segmentation Of U.S. Payments Market By Type And Size
  • Opportunity For Nfc Based Payments - Huge Cash Transactions
  • Mobile Payments - Market Estimate
  • Winning Imperatives For Deploying Nfc Mobile Payments
  • Value Proposition Of Nfc Mobile Payments
  • Nfc Is The Future Of Mobile Payments
  • Future Outlook Of Mobile Payments Market
  • Case Studies
  • Vendor Analysis

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2763962

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