Click me

The Global Rise of Mobile Payments

THE GLOBAL RISE OF MOBILE PAYMENTS Since mobile commerce first arrived in 1997, technology has evolved to make mobile payments a real, secure alternative to cash or cards. From early SMS- and WAP-based payment methods to NFC technology, mobile payments have also become increasingly common. This timeline shows how mobile commerce has developed alongside the most powerful mobile technology of all: THE SMARTPHONE GROWTH ENTERTAINMENT TECHNOLOGY BANKING & MONEY The era of mobile commerce begins when some coke machines in 1997 Helsinki begin accepting payment by SMS. Finnish mobile operator Radiolinja begins selling ringtones, the first digital content downloadable via mobile phone. 1998 %24 ERICSSON & TELNOR MOBIL Launch of the first major mobile commerce platforms, iMode in Japan and Smart Money in the Philippines. 1999 launch a service to buy movie tickets by mobile phone. +10 2000 Companies including HMV and Amazon introduce KLM allows air travelers to use mobile phones to arrange travel and confirm loyalty points. The concept of cell phones as a "mobile wallet" emerges in Africa. mobile commerce applications to be used with internet-enabled cell phones. COMMERCE REACH $2.4 Motorola tests "Pizzacast", a mobile commerce system for ordering Domino's Pizza. BILLION WORLDWIDE 2001 OF 3 MILLION AMERICANS 100,000 USING WEB-ENABLED PHONES, HAVE USED THEIR PHONES TO BUY SOMETHING. $373.54 2002 Ericsson IPX begins providing mobile billing using WAP. European Telecom. Standards Institute develops official industry standards for mobile commerce. 95 CELL PHONE USERS WORLDWIDE MAKE PURCHASES VIA THEIR MOBILE PHONE IN 2003. 2003 MILLION the "donors message system" the first system for donation to non-profit organizations via sms, launches in the czech republic. 2004 Worldwide penetration of multimedia mobile phones reaches an estimated 49%. 2005 up to 100 new mobile commerce companies launch in europe every month. Nokia launches world's first NFC (near field communication) enabled mobile phone. PayPal PAID S,312.23 2006 Orange France lets subscribers order songs from jukeboxes via text message. PayPal Mobile launches, allowing users to make payments by SMS. January announcement and June launch of the first iPhone. 2007 Trial of mobile payments with fingerprint recognition technology using Kyocera cell phones. Launch of WAP billing platforms (e.g., PayForlt) that can be used on any mobile network. Debut of the first Android Trials of contactless mobile payment are held in U.S. cities. phone, the HTC dream. 2008 Atlanta Thrashers hockey fans get team statistics by waving their phones in front of a poster, using contactless technology. the mobile payment market is worth an estimated $69 Square is founded to create a simple card reader allowing anyone to accept credit card payments. BILLION 2009 EПП: Number of mobile banking users in U.S. reaches 12 million. Sprint Launches Sprint Mobile Wallet, letting subscribers to buy products directly from their phones. PHONE CONNE SMTWTFS 2010 REACH FIVE An eBay shopper purchases a Mercedes-Benz for $240,000 using a mobile phone. BILLION Mobile shoppers spend over $100 per month on mobile purchases. AT&T launches GoPayment a service with a card reader device that can be used PREDICTED WORLDWIDE TOTAL ANNUAL MOBILE PAYMENTS REACH with mobile devices. $240 BILLION CAVAILABILIT at&t Google Smartphone penetration in the U.S. passes 40%. 33 million consumers have shopped on their mobile device. of the world by 2015 Google Wallet debuts, allowing NFC payments, in cooperation with Mastercard. 2011 OF SMARTPHONE USERS IN 30 COUNTRIES WORLDWIDE HAVE MADE A MOBILE PURCHASE. UP TO 95 American Express partners with Verizon Wireless to PERCENT offer mobile payments using the Serve payment system. ertzen THE FUTURE Design by JESS3 A, TRANSACTI

The Global Rise of Mobile Payments

shared by kcatoto on Jan 24
With the excitement building around near field communication (NFC) mobile payments, it seems like paying by phone is about to turn a corner. But it’s helpful to remember that this is part of a long ...



Unknown. Add a source


Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size