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: Studying the speed of multi-hop Bluetooth networks

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

End to end 5G for super, superfast mobile

Nov 24, 2014

A collaboration between NEC Electronics Samsung and several academic centres in China and Iran, is investigating how software-defined cellular networking might be used to give smart phone users the next generation of super-superfast ...

German study supports free "Super WiFi"

Nov 24, 2014

The need for the wireless transfer of data will increase significantly in the coming years. Scientists at the Karlsruhe Institute of Technology (KIT) therefore propose to turn some of the TV frequencies that ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.