Forecast Report

Forrester Data: Mobile Payments Forecast, 2016 To 2021 (EU-7)

ForecastView Spreadsheet

February 10th, 2017
Shaurya Priya, null
Shaurya Priya

Summary

This forecast, made exclusively available for ForecastView clients, sizes and forecasts the transaction value of mobile payments in the EU-7 countries. It details the rising payments through mobile in-person, remote mobile commerce, and mobile peer-to-peer (P2P) and informal lending. While cash and charge cards continue to be the staples of consumer transactions in Western Europe, mobile payments will rise at an almost 23% compound annual growth rate (CAGR) over the next five years through 2021. We project that in-person payments will grow the fastest, but we expect the shift in offline sales toward mobile and digital acceptance to be a gradual evolution rather than a swift revolution.

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