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    News in brief

    Mobile payment market worth $2.8tn by 2020

    News in brief

    The global mobile payment transaction market will be worth an estimated US$2,849bn by 2020, up from US$392bn in 2014, representing a compound annual growth rate (CAGR) of 39.2%, Future Market Insights has revealed. NFC is expected to exhibit the fastest CAGR (46%) of major mobile payment transaction technologies during the forecast period. Asia Pacific dominated the market with 38% market share in 2014 in terms of users, and is expected to account for a 37% share by 2020.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 27 May 2015, 16:19

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