Mobile Payment & Commerce: conquering the world

Competition in Mobile Payment & Commerce is now in full force, with all players getting involved in the competition to win over retailers and consumers of the world as regards payments, and more. In Italy New Digital Payments reach a total of 30 billion euros in transactions. Mobile Remote Commerce has grown by 67% in 2016 reaching 3.3 billion euros, equal to approximately 17% of total eCommerce transactions, followed by Mobile Remote Payment with 600 million euros. Still at the start in Italy, Mobile Proximity Payment accounted for less than 10 million in transactions in 2016. Regarding NFC, services are still lacking but p2b (person-to-business) money transfer solutions are gaining ground among retailers, and leverage geolocation or the qr codes to complete the payment in-store. 2016 was also the year in which, probably for the first time, retailers became the promoters of innovative payment policies, with several members launching innovative payment solutions within their shops. Surveys on retailers and consumers also indicate interest and curiosity in testing Mobile Payment solutions. This Report presents a comprehensive picture of the Mobile Payment & Commerce market in Italy in all its connotations (both Remote and Proximity). The figures analysed include 2016 transaction and forecasts to 2019, as well as offer development trends in Italy.