Gartner: Global Mobile Payment Transactions To Account $235.4 Billion This Year

Posted on Jun 4 2013 - 1:01pm by Karan Chopra

According to a Gartner report, the global mobile payment transactions will surpass $235.4 billion this year, growing 44 percent more as compared to last year’s $163.1 billion. In these transactions Asia-Pacific will account for $74 billion, with thanks to three countries Singapore, India and South Korea.

Sandy Shen, Gartner’s research director, said in the report: “Nevertheless, we have lowered the forecast of total transaction value for the forecast period due to lower-than-expected growth in 2012, especially in North America and Africa.”

Transaction value in North America will reach US$37 billion this year, up 53 percent from US$24 billion in 2012. Counting on mobile payment users, the worldwide number has rose to 245.2 million this year, as compared to 200.8 million in 2012.

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Karan Chopra, CEO at G2One Network An Internet Media Company), Founder at 99DollarWebsite and Editor/Writer at I2Mag, JustWP.org, CodeAndMe.net, TechEXplained.org, JustInfo.Graphics, HowToWebDesign.org, NextBigProduct and WPLove.co. Karan is an internet enthusiast, who loves to explore every second thing in both technology and business. You can find him on Facebook , Twitter and Google+.