Displaying items by tag: juniper research

Worldwide mobile payments to merchants for physical goods will treble from a gross $60 billion forecast this year to exceed $170 billion by 2015, with researchers finding that the initial growth in payments was fuelled by a dramatic upsurge in retail apps in the wake of the consumer smartphone explosion.

The number of global smartphone shipments are expected to reach one billion a year in 2016, increasing from 302 million in 2010, as competition intensifies amongst vendors offering premium smartphones.

Consumers around the world are increasingly buying and making payments for everyday transactions using their mobile devices, with the total value of mobile payments expected to rise by $430 billion by 2015.