Europe: micropayments market is on the rise

Thu 28 Feb 2013

The European market of micropayments will grow rapidly, which is caused by the use of prepaid, contactless and mobile payment solutions. This is shown by the results of research "Micropayments in Europe", conducted by Frost & Sullivan.

The study shows that the use of contactless payment cards in Europe is expected to grow at compound annual growth rate (CAGR) of 28.7% from 2011 to 2017. In addition, due to the massive use of smartphones and tablets in Europe, mobile commerce will grow by an average of 10.6% a year between 2011 and 2018.