SMS payments continue to dominate mobile payment transactions
SMS payments made up 72.1% of all mobile payment transactions in 2010. However, it is predicted that the share of SMS payments will fall to around 52% by 2015 as more retailers and users start to use NFC technology instead.
This is a global forecast, however it should be noted that in regions such as Africa, the Middle East, South America and some parts of Asia, SMS payments are expected to continue to be the main form of mobile payment used. This is because any mobile phone is capable of sending SMS messages and therefore of being used to send and receive SMS payments.