A new Juniper Research’s report called „Mobile Payment Markets: Digital & Physical Goods 2008 – 2013“ forecasts that the gross transaction value of payments made via mobile phone for digital goods and physical goods will exceed $300 billion within next 5 years.
Mobile Operators To Define Requirements For NFC Handsets
The GSMA has announced plans to release later this summer „a preliminary set of minimum requirements for handsets containing Near Field Communications (NFC) chipsets. Developed by mobile operators supporting the GSMA’s Pay-Buy-Mobile initiative, the requirements will help handset manufacturers to develop NFC-enabled phones that are compatible with operators‘ planned mobile NFC services and quickly realise economies of scale. Forty-four mobile operators from across the world support the Pay-Buy-Mobile initiative.“
A Focus on Mobile Payments in Europe
The GSMA, the global trade body for the mobile industry, and the European Payments Council, which represents 8,000 banks in the European Union and EEA and Switzerland, have announced they will be working together „to accelerate the deployment of services that enable consumers to pay for goods and services in shops, restaurants and other locations using their mobile phones.“