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Huge Growth in Mobile Payments Projected

2015 could be the year in which mobile payments really explode into the mainstream, according to a new report. Research by Deloitte, published in its annual Technology, Media & Telecommunications (TMT) Predictions report, predicts that in-store mobile payments will increase by more than 1,000 percent worldwide this year. This year, about 10 percent of the base of smartphones worldwide will be used to make an in-store payment at least once a month, compared to less than half a percent (led by early adopters in Japan) of about 450 million smartphones in mid-2014.

Read the whole story at TechWeek Europe »

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