According to Mashable, the global combined market for all types of mobile payments is expected to double from its current value to reach more than $600 billion by 2013. The mobile payment market for goods and services, excluding contactless near field communication (NFC) transactions and money transfers, is expected to exceed $300 billion globally by
By guest author Nalini Kumar Muppala Retailers such as Target have recently started accepting coupons from smartphones. However, in much of the Western world one still has to make in-store electronic payments with a plastic card. Consumers in advanced mobile markets such as Japan and South Korea routinely pay using their phones.
Zong is a mobile payment service used by online gaming and social networking sites. It leverages direct connections with mobile network operators around the world to provide consumers, merchants, and publishers with a a secure payment solution. It claims that its payment experience converts shoppers into buyers at rates up to ten times greater than
BOKU is a global online payment company with a new mobile payment service which enables mobile phones to pay for digital goods and social experiences across the web. The company gets mobile users access to bank-grade technology, creating a viable and accessible market for consumers, publishers and carriers. Since most people today don’t have a