Mobile Payments to rise from $155M in 2005 to $10B total revenue by 2010, with increasing consumer adoption of m-payment schemes
Related posts:
- Payments News
- PRWeb
- Juniper Research

Cathleen Conforti, a senior vice president at MasterCard and PayPass global product manager, reports some promising first results of the introduction of PayPass.
Customers are using their contactless MasterCard PayPass as intended, with over 60% of transactions under $25, suggesting consumers are keeping their cash in their wallets and paying instead with the tap-and-go cards.
[...]
Consumers using [...]

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Thad Rueter from Card Technology reports interesting facts about contactless payment schemes deployed in the public transport industry. Moreover, some recent statistics are given about the Octopus card in Hong Kong. There is also a discussion about the interest of the banks to work with transit companies.
To read more about it:
- Card Technology

From Payments News:
MasterCard has announced updated numbers for PayPass cards and acceptance locations saying that, to date, “approximately seven million PayPass cards and devices have been issued to consumers and PayPass is now accepted at approximately 30,000 merchant locations around the world.”
To read more about it:
- Payments News
- Yahoo Finance

Some 20 million Japanese now have newer cell phones with embedded circuitry that can function as rechargeable debit cards, credit cards or commuter passes. Electronic readers in vending machines, turnstiles and store registers beam waves that read the circuits and deduct what’s due.
Already, 30, 000 vending machines, taxis and convenience stores have readers for the [...]

From Payments News: Mobile Payments World and Edgar, Dunn & Company have announced the results of their 2006 Mobile Payments Survey, assessing the collective vision for mobile payments from global thought leaders in payments and financial services.
Read more:
- Payments News
- BusinessWire
- Edgar, Dunn & Company
- Mobile Payments World

The online survey of nearly 500 U.S. cell phone users, which was sponsored by AuthenTec, found that 58 percent of those surveyed would purchase a phone with the m-commerce, wireless banking and biometric security features similar to those available in Asia, and 47 percent would consider switching service providers to obtain the services. Nearly [...]

Le journal de la Coop, Coopération a effectué un sondage sur comment les Suisses paient leurs dépenses de plus de 50 frs.

Source: Coopération No. 2 du 11 janvier 2006.
Une preuve encore que les Suisses préfèrent l’argent liquide aux autres moyens de paiement.
Version en ligne: ici

Scott Loftesness from Payment News.com reported an interesting news about the status of the contactless VISA card in the USA. Apparently, these cards are accepted at 20′000 locations already.
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Original news from Yahoo Finance

Interesting figure posted on Services Mobiles. If we add the percentage of the “Money” and “Credit card” features, it reprensent 30%! Apparently Americans would like some sort of payment scheme incorporated into their mobile phone.