Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Mobile Payments

Global m-payments volume to increase by 70% in 2012 - report

Tuesday 27 November 2012 | 12:25 PM CET

The global mobile payments volume is set to increase in 2012 by approximately 70 percent. An example of this growing market is China. In the six months leading up to Q1 2012, more than 60 percent of all Chinese consumers made at least one mobile payment. India and South Africa are following China\'s example, a recent report has revealed.

According to the report, in the US, the total value of mobile payments is also expected to increase by a three digit percentage figure over the next few years. Even though in July 2012, mobile payment methods were not yet widespread in Canada, banks and companies are already starting to introduce such payment systems.

The report has also found that in Q3 2012, the most popular mobile payment methods in Europe were card payments, so-called micro payments, which can be used to pay smaller amounts for applications, and payment on invoice. In 2012, British consumers were still hesitant when it came to mobile payments. Fewer than 20 percent of all consumers in the UK reported wanting to use their mobile phones to make future payments. The majority are still concerned about safety. In April 2012, in Germany payments added to the mobile phone bill were quite popular. With direct carrier billing the charges for a product are paid directly to the consumer's mobile phone provider. French consumers were especially motivated to use mobile payments in 2012 in order to save on their purchases.

Furthermore, the study has shown that Italian consumers are enthusiastically embracing mobile payment methods. The Italian market for mobile payment methods is expected to grow annually by a three digit rate over the next few years. Additionally, the market is also growing in Spain where Spanish telecom company Telefonica Digital signed agreements with companies like Google in July 2012 to enable payments via phone bill.

Moreover, the report has revealed that in 2012, 56 million customers of OJSC VimpelCom, a wholly owned subsidiary of Russian mobile operator VimpelCom, have been given access to TOT Money, a mobile payment platform operated by US-based publisher of digital destinations and internet services provider Net Element. Forecasts for Eastern Europe predict a large increase in the mobile payment market until 2015.

At the beginning of 2012, the market for mobile payment methods was very fragmented in Sweden. Customers were able to choose from various technologies offered by different competitors. Danish consumers are very careful about entering credit card information. Approximately 40 percent of all Danish consumers wanted to re-enter their credit card details at every new purchase in the first quarter of 2012, while others preferred to save the information without having to enter it every time anew.

Finally, the report has found that the market for mobile payments continues to grow in Asia and Africa with the number of mobile payment users in China likely to reach almost 400 million by 2014. In 2012, Japan recorded more than 200 million mobile non-contact payments. Additionally, the volume of mobile payments in Kenya increased by approximately 60 percent between 2010 and 2011.

The report titled “Global Mobile Payment Methods 2012” was issued by Hamburg-based secondary market research company yStats.

Print | Contact editor | Mail
© 2014 The Paypers
More: Abstract | Link

This Month

Next Month

All

01 Jun 2014   The Global Student Challenge
02 Nov 2014   Money2020
04 Nov 2014   Cartes Secures Connexions
04 Nov 2014   ISF 2014
04 Nov 2014   eTail France
04 Nov 2014   Fraud Summit Orlando
05 Nov 2014   The 18th European Supply Chain Excellence Awards
05 Nov 2014   ThreatMetrix Cybercrime Prevention Summit 2014
05 Nov 2014   9th Annual SME Banking 2014
05 Nov 2014   9th Annual Liquidity Management
05 Nov 2014   7th Annual CEE Private Banking
05 Nov 2014   9th Annual SME Banking
05 Nov 2014   Finance Transformation Asia 2014
05 Nov 2014   eshow Bogota
05 Nov 2014   SME Banking
10 Nov 2014   Emergin Markets Retail Summit
10 Nov 2014   The 7th Annual Open Mobile Summit
11 Nov 2014   International Treasury, Cash and Risk Management for Companies in Brazil
11 Nov 2014   Cards & Payments Innovation Europe
11 Nov 2014   Treasury, Risk & Cash Management in Southern Africa
11 Nov 2014   The Procurement Summit
11 Nov 2014   Financial Crime Congress 2014
11 Nov 2014   Mondato Summit Asia - Mobile Financial Services in Emerging Asia
11 Nov 2014   ProcureCon for Digital and Marketing Services
11 Nov 2014   The Banking Innovation Summit
11 Nov 2014   AfricaCom 2014
11 Nov 2014   SSO Henan
12 Nov 2014   BAI Retail Delivery 2014
12 Nov 2014   2nd Annual PPP in Turkey and the Black Sea Conference
12 Nov 2014   Warehouse, Cargo & Structured Commodity Finance
12 Nov 2014   Apps World Conference & Exhibition
12 Nov 2014   World Retail Congress Latin America
13 Nov 2014   Noah Conference
13 Nov 2014   European Cloud and Data Security Summit
13 Nov 2014   3rd Annual European Stress Testing for Banks
13 Nov 2014   CFO Summit XXIX
13 Nov 2014   Does Fraud Prevention Turn Your Customers Off?
17 Nov 2014   Swiss Payment Forum
17 Nov 2014   Shared Services & Outsourcing Week India
17 Nov 2014   Total Security Summit
18 Nov 2014   Cash, Treasury & Risk Management in China
18 Nov 2014   World Retail Congress Africa
18 Nov 2014   Mobile Money and Digital Payments Global
18 Nov 2014   Fraud Summit Dallas
18 Nov 2014   Nordic Shared Services & Outsourcing
18 Nov 2014   Payments Indonesia: E-commerce Edition
18 Nov 2014   IAPP Europe Data Protection Congress 2014
19 Nov 2014   The 5th Annual Conference for VAT Compliance through SAP Control - See more at: http://www.sharedserviceslink.com/event/aligning-tax-and-it-to-ensure-vat-compliance-through-best-practice-sap-configura
19 Nov 2014   European Ecommerce Conference - 2014
19 Nov 2014   Small Business Banking Conference
19 Nov 2014   Private Banking Latin America
19 Nov 2014   MVNOs Industry Summit USA
19 Nov 2014   Myanmar Finance Summit
20 Nov 2014   4th Annual Corporate Banking Forum
20 Nov 2014   5th Internet Finance and Payment Innovation 2014
20 Nov 2014   Cyber Security Summit 2014
20 Nov 2014   Inside Bitcoins
20 Nov 2014   Gift Card Fraud - How it works, How to stop it
20 Nov 2014   CFO Playbook for Private Companies
20 Nov 2014   Procure to Pay Seminar for Media
23 Nov 2014   6th World Islamic Retail Banking Conference
24 Nov 2014   Wired Retail
25 Nov 2014   Cloud Law European Summit
26 Nov 2014   http://www.thepaypers.com/online-payments/w3c-starts-initiative-for-online-payments-integration/757027-3
26 Nov 2014   The Future of Retail Banking
27 Nov 2014   2nd Cross-Border E-commerce (Import) Conference and Exhibition 2014
27 Nov 2014   Swiss E-commerce Conference
27 Nov 2014   Swiss Ecommerce Conference
27 Nov 2014   2nd Annual Back Office Operations Forum
28 Nov 2014   Inaugural Cross-Border E-commerce (Export) Conference and Exhibition 2014