Jump in mobile payments users this year - GartnerThe number of people around the world making payments using their mobile phones is set to soar from 43.1 million in 2008 to 73.4 million this year, a 70% rise, according to analyst house Gartner.
By 2012, the company predicts the number of people making m-payments will hit 190 million - more than three per cent of total mobile users - as it becomes "mainstream."
However, security concerns, an inadequate 'ecosystem' and undefined areas in banking regulations remain challenges for the technology.
Continue Reading at Finextra
mobile payments, insecure, security concerns, banking, SafeTPIN, SwipePIN, iSwipe
0 comments