As Mobile Payments Today reported, a just-released KPMG report predicts that mobile payments will reach $900 billion globally by 2015 – a mere three years out. That’s extraordinary growth. The report also noted that NFC will make up 37 percent of all mobile payments.
While mobile payments give consumers added convenience, the really exciting part is that new mobile payments technologies like NFC will fuel a new explosion in mobile applications.
These technologies give developers a nearly blank canvas on which to create and a box of new tools and capabilities to work with. Given the phenomenal growth of the mobile economy and the massive amounts of commerce that mobile payments are expected to drive, it is an amazing time to be a mobile app developer.
What type of apps will we see and which ones will be the most popular? Who knows—it’s impossible to predict. But it will be exciting to see how it all unfolds.
NFC-based mobile commerce is barely in its infancy, but already all types of companies are starting to experiment with it.
Why I quit my old job and came to work for ViVOtech.