The Mobile Wallet Summit – London, November 6-7, 2013
Maverick China Research is the Media Partner for the The Mobile Wallet Summit on 6-7 November, 2013 in London. For more information, click on the banner below.
The mobile wallet revolution is here, and it is rapidly gathering momentum. This year has seen a rapid rise in smartphone adoption, as well as a growing number of government and corporate initiatives, accelerating the development of mobile wallet offerings.
The mobile wallet market is set to explode with a staggering compound annual growth rate of 142% over the next five years, rising from €6.12 billion recorded at the end of 2012, to hit an incredible €500 billion by 2017.
It is expected that within five years 50% of smartphone users will pay on their mobile. Considering card payments worldwide currently amount to about €10 trillion on an annual basis – it is no surprise, we are seeing a mobile wallet gold rush. Payment providers leading the charge are investing substantial time and money in ensuring they stay ahead of the competition.
With such unprecedented growth in the mobile wallet space, the opportunities to interact and engage with your customers, generate new revenue streams and cement your brand presence has never been so great.
Over the next 18 months, major technology players, retail providers, mobile carriers, start-ups, and the traditional financial players will fight to make the mobile wallet a reality, allowing people to pay for almost everything with their smartphones.