WCDMA services are penetrating markets more slowly than analysts had first anticipated, according to the latest assessment from ABI Research. The data-centric mobile communications platform looked set to enjoy rapid market success, but according to Lance Wilson, ABI Research's director of wireless research, "We have refined our appraisal of GSM/GPRS/EDGE versus WCDMA. The uptake of WCDMA is not likely to be as rapid as was once thought. It will show good growth, but there is still a lot of life left in GSM." "The rollout of WCDMA will continue," adds Wilson, "but service providers are also upgrading their GSM/GPRS/EDGE networks, so it will take a little longer for WCDMA to become the ubiquitous standard in the GSM family of technologies." Noting that "It's been difficult to gauge the uptake of WCDMA because there are so many factors affecting it," Wilson attributes the slower pace of adoption to issues of greater expense and of a lack of compelling applications. "The services being offered to the customer have not quite caught up with the technology," he says.
Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...