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Paris, 23 October 2012

eServGlobal’s VP Mobile Money, Paolo Montessori will this week chair the Mobile Payments & NFC World Summit in Hong Kong.

The summit draws together highly regarded industry figures from the mobile payments space to discuss the latest market trends, technology and real world case studies.

Juniper Research predicts that ‘the total value of mobile payments for digital and physical goods, money transfers and NFC (near field communications) transactions will reach $670 billion by 2015, up from $240 billion this year.’

A particular focus of this year’s summit will be the advances in NFC technology. Juniper’s study also found that some 20 countries are expected to launch NFC services in the next 18 months, resulting in transactions approaching $50 billion worldwide by 2014. Meanwhile the need for financial access in developing countries is such that active mobile money users will double by 2013 and drive transaction values accordingly.

Mr Montessori will act as Chairman of the two day event. He will also deliver a presentation on ‘the practical use of mobile payments in corporate and government sectors’.

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