Asians make the most payments with mobile phones: research

Jun 21, 2010
A man checks his mobile phone in front an electronic board showing stock index figures at a trading house in Shanghai in 2009. The number of people using mobile phones to make payments is expected to rise 50 percent this year to nearly 109 million with Asians leading the pack, technology research firm Gartner said Monday.

The number of people using mobile phones to make payments is expected to rise 50 percent this year to nearly 109 million with Asians leading the pack, technology research firm Gartner said Monday.

There were 70.2 million mobile payment users worldwide in 2009 and the number is expected to increase by 54.5 percent this year to 108.6 million, Gartner said.

It said mobile payment users will represent 2.1 percent of all in 2010.

Gartner said the number of mobile payment users in Asia-Pacific was expected to rise from 41.8 million in 2009 to 62.8 million in 2010.

In Europe, the Middle East and Africa, the number of mobile payment users was expected to increase from 16.8 million to 27.1 million. In North America, the number was expected to rise from 1.9 million to 3.5 million.

"We continue to see strong growth in developing markets in Asia, Eastern Europe, the Middle East and Africa for mobile payment, while adoption in North America and Western Europe lags behind due to the plentiful choices of payment instruments that consumers have," Gartner research director Sandy Shen said.

"Developing markets have found the right formula for mobile money services -- functions that users want and an ecosystem that can sustain the service," Shen said.

She said the use of in developing markets is being driven by "unbanked and underbanked" populations that do not have access to banking infrastructure or a personal computer, making mobile an option of choice.

Explore further: Verizon launches rewards program with tracking

add to favorites email to friend print save as pdf

Related Stories

PC sales to grow 20 percent in 2010: Gartner

Mar 04, 2010

Worldwide sales of personal computers are expected to grow nearly 20 percent this year over 2009, with laptops driving new sales, research group Gartner said on Thursday.

Record 12 pct drop for PC sales in 2009: Gartner

Mar 02, 2009

Sales of personal computers are expected to decline by 11.9 percent to 257 million units in 2009, the steepest drop in the industry's history, market research firm Gartner said Monday.

Asia to drive mobile broadband Internet access

Mar 26, 2009

Broadband-service providers will see their revenue from mobile services jump to 137 billion dollars worldwide by 2014, up 450 percent from 2008, a report said Thursday.

Recommended for you

Verizon launches rewards program with tracking

Jul 21, 2014

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked ...

Verizon boosts FiOS uploads to match downloads

Jul 21, 2014

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.

The goTenna device pitch is No Service, No Problem

Jul 18, 2014

In the new age of Internet-based crowdfunding with special price offers, where startup teams try to push their product closer and closer to the gate of entry, goTenna's campaign offers a most attractive pitch. ...

Maths can make the internet 5-10 times faster

Jul 17, 2014

Mathematical equations can make Internet communication via computer, mobile phone or satellite many times faster and more secure than today. Results with software developed by researchers from Aalborg University ...

User comments : 0