Small business

The global mobile commerce market excluding mobile entertainment, will become a $40 billion industry by 2009, fuelled by a growth in micropayment volumes, according to a new study from Juniper Research.

Large numbers of small payments will make up the vast majority of sales via mobile phones, with the average Western European making approximately 28 transactions a year via the mobile phone by 2009. The average cost of each transaction in 2009 in Western Europe is expected to be worth approximately$3.