Mobile users say yes to mobile payments around the world
Tuesday 22 June 2010
Security fears aside, the number of mobile consumers using their device to pay for goods and services is set to exceed 108.6 million in 2010.
The rapidly growing market has experienced a 54.5 percent increase in just one year - with consumers in developing markets the fastest to adopt the technology in their everyday lives.
"We continue to see strong growth in developing markets in Asia, Eastern Europe, the Middle East and Africa for mobile payment, while adoption in North America and Western Europe lags behind due to the plentiful choices of payment instruments that consumers have," said Sandy Shen, research director at Gartner in a report released on June 21.
"Developing markets have found the right formula for mobile money services - functions that users want and an ecosystem that can sustain the service."
Finnish mobile company Nokia is eager to help consumers in the western world adapt to mobile payments. At the Mobey Forum conference on June 17, Nokia's Anssi Vanjoki announced that all future Nokia Symbian smartphones will include support for NFC (Near Field Communications) - a technology that enables compatible devices to exchange data and communicate with each other when in close proximity (approximately 10cm).
Mobile payment via SMS (Short Message Service) remains the most widely used technology for mobile payment but additional technologies are being trialled around the world.
The magicians using online collaboration to push boundaries
Jennifer Lawrence attacks mass media again over body image
Life & Style blogs
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Christmas comes early: Justin Bieber 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
iJobs Gadgets & Tech
£25000 - £28000 Per Annum: Clearwater People Solutions Ltd: 2nd Line Support T...
£25000 - £28000 Per Annum: Clearwater People Solutions Ltd: Email Campaign Exe...
£450 - £500 Per Day Flexible: Clearwater People Solutions Ltd: EC1N 400-500/da...
£40000 - £60000 Per Annum: Clearwater People Solutions Ltd: Business Developme...