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.