MCM #332: Mobile payments to hit $500b this year

Mobile Commerce Minute Episode #332:

Mobile payments are taking off – we know this – but it isn’t the amount that is staggering yet, it is the year over year growth. Most of the planet hasn’t even done a transaction yet so we are in the early years. Similar to a batting average in April, percentages are bound to stabilize but right now growth in mobile payments is a vertical line with nothing to slow it down.

A new study by Juniper illustrates this very clearly with a 40% jump in mobile payments from last year. It is still early, and doesn’t come near the $5+ trillion spent on credit cards annually but it is only a matter of time

With Rob Woodbridge and Chuck Martin

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About the author

Rob Woodbridge

I'm Rob, the founder of and I've spent 14 years immersed in the mobile and pervasive computing world. During this great time I've helped some of the most innovative companies grow their business through mobile. If you are in need of a mobile business advisor or coach, connect with me here to get things rolling.

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