Is the world ready for mobile payments? Not quite, according to a global survey released by MasterCard yesterday. There are a variety of factors that lead will lead to mobile payments adoption across the planet, from infrastructure deployment to consumer willingness to make payments with a mobile device. The mobile payments revolution hasn’t arrived just yet, but if MasterCard can be believed, we are not far away.
MasterCard released the “MasterCard Mobile Payments Readiness Index” (MPRI) to gauge the readiness of 34 countries across the globe for mobile payments. MasterCard defines mobile payments in three different categories: peer-to-peer, mobile commerce (mCommerce) and at the point of sale (POS).
Six different factors were weighted on a 0-100 scale:
- Consumer Readiness – MasterCard surveyed 1,000 consumers in each of the 34 markets to gauge their familiarity with mobile payment, willingness to use mobile payment and current usage of the three payment types.
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