Mobile Payment Users on the Rise Says Gartner

by Simon. Average Reading Time: about a minute.

Research from Gartner says that this year will see more than $171.5 billion in mobile payment transactions — a rise of over 60 percent on 2011’s $105.9 billion — with 212.2 million people (up 32 percent from 160.5 million in 2011) using some form of mobile payment service. And what’s fueling the rise? Despite the rise of smartphones, it’s legacy-based services like SMS and web-based transactions.

Longer term, Gartner believes that transactions will reach a volume of $617 billion by 2016 — with average growth slightly slowing down to around 42 percent — with 448 million users using such services.

Source data (Google Spreadsheet)

The bulk of mobile payment transactions take place in Asian countries, such as Japan and Korea, where using Near Field Communication (NFC) technology to make and accept mobile payments has become routine. Europe and the United States are catching on, although they still have a long way to go before NFC and other forms of mobile payment reach mainstream adoption levels.

According to Gartner, the mobile payments arena will see continued fragmentation over the next two years, with technology providers aiming to capture the market on two different levels – local and global. As NFC payment integration slowly comes to pass, Web or Wireless Application Protocol will continue to dominate.

This article has been tagged

, , , , , , , , , , , , , ,

Other articles I recommend

What is a Mobile Payment?

Mobile payment is being adopted all over the world in different ways. Combined market for all types of mobile payments is expected to reach more than $600 billion globally by 2013, which would be double the figure as of February, 2011, while mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, is expected to exceed $300 billion globally by 2013.

What users most want from mobile websites, according to Google

While nearly 75% of users prefer a mobile-friendly site, 96% of consumers say they’ve encountered sites that were clearly not designed for mobile devices. This is both a big problem and a big opportunity for companies seeking to engage with mobile users.

User Interface Guidelines for Mobile and Tablet Devices

The official user interface (UI) and user experience (UX) guidelines from the manufacturers, links to which you can find below, are a source of inspiration for mobile web and application design. Here, you will find guidelines, samples, tips, and descriptions of common mistakes. Many of the guidelines focus on native application development, but we can apply most parts of them to mobile web design.