Appetite for Digital Goods Pushing Mobile Payments Skyward

[ECTNews]

 The total value of mobile payments of all types worldwide will surge from $240 billion this year to $670 billion by 2015, Juniper Research predicts. This covers mobile payments for digital and physical goods, money transfers and near field communications transactions. NFC is the mobile payment technology used in the Google E-Wallet; Apple is reportedly planning to include NFC capability in iOS 5. The m-payment surge will be powered by the rapid adoption of mobile ticketing, NFC contactless payments, m-payments for purchases of physical goods and money transfers, according to Juniper.