Nearly half of financial services, retail, technology and telecommunications executives believe mobile payments will be mainstream within two years, Mobile Commerce Daily reported.

The Global Mobile Payments report from KPMG LLP said that companies are looking for opportunities in mobile payments as the adoption of smartphones and consumer interest in mobile payments grows. The report said 83 percent of executives surveyed feel mobile payments will be the norm in four years, and 46 percent think mass adoption will only take two years.

“This is a trend that has been happening for some time, but very slowly,” said Mitch Siegel, a principal of KPMG’s banking advisory practice. “The intent of the report was to be a little bit of a wake-up call to some banks that now is the time to dive into mobile.”

The report surveyed 1,000 executives from the financial services, technology, telecommunications and retail industries.

A separate report focused specifically on banks and mobile payments, and found that 84 percent of banking and financial services executives think mobile payments will have significant importance to their business within the next one to four years.