Mobile Payments Market- Global Forecast, Market Share, Size, Growth and Industry Analysis (2010-2017)
The changing consumer preferences are driving mobile payments globally. Mobile payments are more convenient, time saving and can replace paper money, but security is one of the major factors hampering its adoption globally. The basic methods used for mobile payments are Premium SMS, Direct Mobile Billing, WAP and NFC (Near Field Communication). Contactless NFC technology is the next big thing in the field of mobile payments and it is getting traction in United States and Europe region.
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