The attention for mobile payments has been rising steadily over the past years. Undeniably, mobile payments continue to be hot – perhaps hotter than ever. With the rise of smartphones ever more people have access to highly advanced handsets. The advent of mobile applications, or apps, has paved the way to more extensive and specific functionalities providing better user experience to the user. As consumers become more engaged to their mobile phones, mobile payments draw ever more attention.
The report is intended for everyone active in the ‘transaction services industry’, including merchants, banks, payment service providers, risk service providers, scheme organisations and policy makers. With this report we hope to provide a clear insight into the global mobile payments industry.
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