Mobile payments rise

The latest World Payments report by Capgemini says the amount paid via mobile phones and the internet is forecast to surge, reaching US$796 billion globally by next year — about three times the total recorded in 2012.

According to the Capgemini World Payments report cited in the article, global mobile and internet payments are expected to total US$796 billion by next year.

The report notes the projected US$796 billion is roughly triple the amount of money paid via mobile and internet channels in 2012, highlighting rapid growth in digital payments.

Yes. The article points out that credit and debit cards continue to dominate non-cash payments today, but mobile and internet payments are expected to increase their share over time.

Rising mobile and internet payments signal a structural shift in how consumers pay, which can affect the payments industry and related businesses. Everyday investors may want to monitor industry reports like Capgemini’s to understand market size and growth trends that could influence investment decisions.

The article highlights two clear trends: continued dominance of credit and debit cards in non-cash payments, and rapid growth in mobile and internet payments — with digital channels expected to expand significantly in coming years.

Investors can track authoritative industry reports such as Capgemini’s World Payments report, which publishes estimates of global payment volumes and trend analysis for mobile, internet and card-based payments.

No. The article states that while mobile and internet payments are expected to grow strongly, credit and debit cards still dominate non-cash payments — indicating growth rather than an immediate replacement.