Mobile Payments to rise from $155m in 2005 to $10bn Total Revenue by 2010, with Increasing Consumer Adoption of m-Payment Schemes

Juniper: Mobile payments are set to rise to $10bn in total revenue by 2010, thanks to the entrance of new players offering m-payment schemes and subsequent consumer demand. And following the announcement of the expansion of PayPal services into the micro mPayment and mRetail sector, this will only serve to facilitate a fundamental shift in global consumer payment services now and into the future.

The advancing adoption of mobile payment services – with the total number of m-payments forecast to rise from 78m to 175m in the coming year alone – can be seen as a realizing trend, with Paypal’s statement of intention. This mirrors the trend seen with the implementation of card based vending solutions - a method that normally increases the average transaction value.

Certainly with their i-mode FeliCa™ service, transaction data captured by NTT DoCoMo in Japan suggests the average transaction value for mobile payments will surpass the traditional sub $5 micro-payment seen with cash-based payments. Mobile payments

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