The Mobile Payments Rush Is On, And The Winners Will Shape The Future Of Transactions And Commerce

PayPal has acquired Braintree, a company that specialises in powering mobile transactions. Meanwhile, Facebook announced that it’s pairing up with payment companies to roll out “Autofill,” which makes it easier for its users to buy things straight from their phones.

Mobile devices are edging closer to fulfilling their long-delayed promise as digital wallets, and tech and financial services players do not want to be left out.

Consumers and merchants are beginning to see the advantage of channeling offline payments through mobile devices, rather than transacting in coins and cash, credit cards — or clunky register systems.

In a new report from BI Intelligence, we explain the main reasons why mobile payments are poised for takeoff, provide proprietary estimates for the growth and size of the mobile payments market in the years to come, and analyse the specific trends that will help shape the growth in mobile payments, including user concerns around security. We track the demographic and geographic nature of the consumers who will drive the growth, merchant-side adoption, and the mobile payments solutions that will lead the charge.

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Here’s a brief overview of the current state of the mobile payments race:

In full, the special report:

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