Blog Highlights Trillion Dollar Benchmark For Global Mobile Payment Transactions

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Industry projections for 2017 now moved up to 2015 by Heavy Reading Mobile Networks Insider

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What we are seeing right now in the mobile payments market, is an industry that is laying out the framework ahead of the projected customer demand.

The corporate blog, “The new voice of the global payment processing industry” has reported on a significant development in the global mobile payment industry that has seen projections of it reaching the $1trillion in transactions benchmark in 2017 now moved forward to 2015.

The DebitWay blog detailed that in November of 2012, the Mobile Payments Today website reported on a study released by IDC Financial Insights that projected global mobile payments would reach $1trillion in 2017, calling that benchmark a “big sexy number.” That projection has now been updated by Heavy Reading Mobile Networks Insider to 2015 in a report entitled “No Idle Chatter: Payments Add Value to Mobile Ecosystem.”

“DebitWay absolutely recognizes that here has been a great deal of movement towards mobile options in the payment processing industry recently,” explained Nadia Belanger, Chief Financial Officer for “which is why we have already partnered with technology industry leaders to develop well ahead of 2015 what we know will be cutting edge and groundbreaking solutions for the mobile market.”

The DebitWay blog also detailed that the $1trillion benchmark will not be reached necessarily because of customer demand, it will be reached by a huge surge in merchants offering mobile payments.

“What we are seeing right now in the mobile payments market, is an industry that is laying out the framework ahead of the projected customer demand,” explained Rod Tomita, Regional Senior Business Development Manager for “and this type of foresight and preplanning is going to take the mobile payments industry to great heights.” can quickly and easily integrate any existing remittance company to accept INTERAC® Online solutions and increase their traffic significantly. Companies with a proven record of transactions and a commitment to offering their Canadian customers a safe, secure and trusted way to send remittance can email directly to learn more at, social(at)debitway(dot)ca.

For more information about DebitWay, visit

About DebitWay

Headquartered in Montreal, Canada, is a certified payment provider that offers INTERAC® Online Payment (IOP) solutions. Simply by adding additional payment options to already existing platforms, partners can begin accepting bank payments in real-time instantly.’s list of partners are comprised of some of the most experienced and knowledgeable people within the payment processing industry. Currently, participating financial institutions include: BMO Bank of Montreal, RBC Royal Bank of Canada, Scotia bank and TD Canada Trust.

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