The U.S. market is clearly in the early stages of a massive growth trend in mobile payments. I see three main areas of mobile payments/commerce activities in varying states: remote mobile payments, mobile point of sale (POS) and contactless/NFC mobile payments.

Remote mobile payments are actually quite far along in the lifecycle. Today, digital content is responsible for the most substantial part of transaction volume and it will continue its rapid growth.

There are several areas that will quickly add to transaction growth including remote purchases such as tickets and memberships, followed by growth in goods and other services that are purchased over the air via the mobile phone.

In parallel, mobile POS is outpacing growth of traditional fixed POS, and face-to-face mobile payments using technologies like NFC are being prepared for commercialization.

As part of NFC’s precommercialization, we’re seeing an explosion of sticker-based contactless solutions coming out. It will be very interesting to see how those products affect the speed of NFC’s rollout, and how much traction they can gain.

Read the full article, “Mobile payments veteran sees massive interest in mobile commerce” at Mobile Commerce Daily.

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