TelecomTV | News | Mobile payment transactions to total $171bn by end of year

TelecomTV | News | Mobile payment transactions to total 1bn by end of year

A new report from Gartner suggests that worldwide mobile payment transaction values will surpass $171.5 billion in 2012, which is a 61.9 per cent increase from 2011 values of $105.9 billion. The number of mobile payment users will also rise, up 32 per cent from 160.5 million last year to reach 212.2 million by the end of this year.

Looking ahead, Gartner expects global mobile transaction volume and value to experience 42 per cent annual growth between 2011 and 2016. It is also forecasting a market worth $617 billion with 448 million users in four year’s time.

via TelecomTV | News | Mobile payment transactions to total $171bn by end of year.

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