Mobile Payments — Where Do We Go from Here?

Mobile Payments — Where Do We Go from Here?

This document discusses the evolution and developments in mobile payment technologies. It also looks into the ramifications of Apple entering into the mobile payment space, changes to the vendor ecosystem dynamics, future adoption, as well as IDC's outlook and essential guidance for the mobile payment market in the future.

"IDC predicts 2015 will be a tipping point for the mobile payment industry as standardization and technological innovation in hardware and security measures drive greater adoption. As this industry matures, there will be greater convergence of mobile payment solutions with cloud, data analytics and social technologies, generating new business value proposition and unique industry-specific use cases for businesses and merchants," says Amy Cheah, senior market analyst, IDC Australia.