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    News in brief

    US mobile payments to hit $487bn

    News in brief

    US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”

    Filed by Email Rian Boden Published • Last updated 15 May 2015, 12:47

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