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Yankee Group: NFC Transactions Will Soar into the Millions Next Year

www.digitaltransactions.net

Wednesday, July 1, 2009 - 08:44

The “Dialing for Dollars: Yankee Group’s 2009 NFC Forecast” report predicts that the nascent market for mobile payment transactions is set to grow significantly to 7.3 million transactions in 2010, and 130.2 million in 2011.

Despite tests and innumerable press releases, the number of payment transactions from cell phones barely registers. But payments from mobile devices are about to take off thanks to a convergence of factors on the demand and supply side, according to a new report from Yankee Group Research Inc.

The “Dialing for Dollars: Yankee Group’s 2009 NFC Forecast” report comes as Visa Inc. and Monitise plc announced Tuesday that Visa had invested $13 million in the British mobile-technology provider, which will aid Visa’s efforts to develop mobile payments worldwide. 

Read the full story by clicking the link below
http://www.digitaltransactions.net/newsstory.cfm?newsid=2253
 
Tags: NFC, Contactless Payments, Mobile Payments, Global, Yankee


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