NEWS

Mobile Commerce is Growing, powered by Remote Mobile Payments
Transaction Trends, May 2010

Mobile online shopping in the U.S. tripled to $1.2 billion in 2009 over 2008 according to ABI Research. Now, multiple analysts, including Juniper Research, are projecting global mobile payments to grow to more than $630 billion by 2014. Much of this will come from remote mobile payments. "Increasing numbers of Americans are more comfortable than ever using their mobile phones for commerce." This article overviews three types of remote mobile payments: carrier billing, card-based billing and registration-based models. Each are generating interest and revenue today.