As 2010 approaches its midpoint, we continue to track mobile payments of all types. NFC-based mobile payments keep moving forward with announcements in China and Turkey. By far, the largest and fastest growing commercial market is remote mobile payments, which received a major boost this year from donations generated to support relief efforts in Haiti after the horrific earthquake. In just a few days, $25 Million was raised via text message. We expect to see continued explosive growth in this area. According to the most recent forecast from Generator Research, global mobile payments is forecast to grow to $633billion by 2014. They are not alone in their prediction. Just this month Juniper also came out with a similar forecast of $630 billion, with a large majority still coming from remote mobile payments, even in five years. I expect to see more NFC announcements through this year and next. Some of the opportunities that are in progress, or at least rumored to be in progress, could be game changers. It will continue to be fun to watch!

For more on remote mobile payments, including a breakdown of the types of remote mobile payments generating interest and revenue today, check out my column in this month’s Transaction Trends magazine : Remote Mobile Payments.

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