Mobile payments up

Capgemini's World Payments report says the amount of money paid via mobile phones and the internet is expected to rise sharply, reaching about US$796 billion globally by next year, a significant increase compared with previous years.

The report forecasts that global mobile and internet payments will reach roughly US$796 billion by next year.

Capgemini's report indicates the expected US$796 billion is about three times the amount recorded in 2012, showing rapid growth over that period.

Yes. The report notes that credit and debit cards still dominate non-cash payments, even as mobile and internet channels are growing in importance.

For everyday investors, the shift toward mobile and internet payments signals a growing market that could affect companies that handle payments, technology and user experience — the report highlights the trend but doesn’t make specific investment recommendations.

According to the report, mobile and internet payment volumes are expected to increase significantly, while credit and debit cards remain the dominant non-cash channels for now.

The US$796 billion figure comes from Capgemini’s World Payments report and represents a forecast; forecasts are useful guides to trends but are estimates and can change as market conditions evolve.

The growth figures come from Capgemini’s World Payments report. Investors interested in more detail should consult that report for methodology, regional breakdowns and additional context.