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,,,, JustInfo.Graphics,, NextBigProduct and 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+.