mobile payments forecasts Archives

Mobile payments to reach 52 million per month, Visa says

07/11/201307/08/2013 L. Green

The prediction is that this monthly rate will have been achieved by the end of the year. The latest forecast from Visa has shown that it believes that its mobile payments will experience an uptake that will help to make a serious dent in the usage share, cutting into the use of physical cash. The credit card giant has predicted that there will be more than 50 million monthly contactless transactions in Europe. They feel that this number will have been achieved before the close of this year. The head…

Mobile payments are almost ready for in-store in Europe and North America

06/10/201306/08/2013 Sam Lambert

A new report from the Berg Insight analyst firm has suggested that the transactions may be ready to get started. According to the latest report from Berg Insight, by 2017, the North America and the EU27+2 region (the twenty seven members of the European Union as well as Norway and Switzerland) will achieve a combined total of €78 billion. This will have been a tremendous increase from having been only €0.6 billion last year. In Europe, the baseline in 2012 was considered to be somewhat meager, having reached only €0.1…