ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report analysing mobile payments.

The publication Mobile payments: markets, analysis and forecast 2008-2013 reports that the technology available on mobile phones has rapidly evolved over the past few years.

The report shows that the mobile phone is now becoming an “essential life management tool” for users. Alongside the mobile Web and mobile multimedia, mobile payment, also called M-payment or mpayment, lies at the forefront of this technological innovation and development.

Authors of the report note that mobile phones, which are in greater number in the market than any other device, can now be used as a channel to advertise, sell and buy products and services. The options to purchase goods and services, which previously were available on the internet, are now being made accessible on mobile phones. This has opened a window of opportunities for both businesses and consumers.

Mobile banking, mobile money transfer, mobile trading, mobile commerce, advertising and marketing, location based advertising and mapping services, and information and news services are some of the areas to lead significant growth in the mobile payments market.

The report further shows that mobile phone operators, developers and manufactures of payment systems, regulatory and standardisation bodies and services providers are now working together to make mobile payments a commercial success in the near future. They are hopeful of the fact that market will gain mass popularity and reach ‘critical’ mass. The latest studies/trials of mobile payment technologies at mass market scale have increased prospects for mobile payment applications in more areas pointing to faster growth in the future.

Mobile payments: markets, analysis and forecast 2008-2013

ReportBuyer Product ID: VIS00098
reportBuyer Product category: Telecoms