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This statstic displays the growth rate of Mobile Proximity Payment (MPP) transactions value in Italy in 2017 and 2018. According to the data, the total value MPP transactions increased dramatically over the period considered, growing from by *** percent in 2017 and by *** percent in 2018, compared to the previous years.
Mobile Proximity Payments are payments in which the payer and the payee are in the same location and where the transaction is carried on with two devices through a proximity technology such as Near Field Communication (NFC) and Quick Response (QR) codes, just to name two. Mobile contactless payments belong to the mobile proximity payments category. The payment instrument behind these transactions may be a card or credit transfer.