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2013: The year of mobile

November 9, 2012

Industry experts say mobile credit card processing is likely to greatly increase in 2013.

Industry experts say mobile credit card processing is likely to greatly increase in 2013.

During a recent interview with Pymnts.com, MasterCard Europe president Javier Perez confirmed that the company’s mobile partnerships have recently been multiplying.

“[Our strategy] is to make sure we get the mobile ecosystem in place.” Perez told the news source. “I think next year is going to be the year in which mobile is going to happen.”

He added that partnering with mobile companies has put MasterCard in a good place to move forward in the mobile payment arena.

“We believe that the telcos will be stakeholders in the m-commerce arena,” said Perez.

The second part of the strategy is to develop the PayPass technology and physical acceptance throughout Europe in the next year.

A recently released ABI Research report estimated that near-field communications (NFC) mobile payments are set to dramatically increase in the next few years. The firm estimates worldwide mobile transactions will break the $100 billion mark in 2016 and will nearly double to $191 billion by 2017.
 

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