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March 11, 2013

Singapore tops Mobile Payments Readiness Index





Singapore tops Mobile Payments Readiness Index | Cosmedia Consulting: According to MasterCard’s Mobile Payments Readiness Index Singapore is the word’s most mobile payment-ready country. They are closely followed by Canada, the United States, Kenya, South Korea, Japan, United Arab Emirates, United Kingdom, Saudi Arabia and China.

Some of the key Insights on Research on Mobile Readiness Index includes

  1. 9 out of 10 components leaders are located in the MIddle East, Asia or Africa
  2. In Saudi Arabia, 24% of consumers use mobile devices for P2P payments
  3. Canada  tops in Internet penetration (82% of the population)
  4.  United Arab Emirates came out tops in terms of business absorption of new technology
  5. Japan, Singapore, the United States, Hong Kong and Canada scored tops in the financial services component.
  6. In Japan, there are on average 14.98 payment cards per person.
  7. 100% of Singapore’s population is covered by a mobile network There are 859,000,000 mobile phone subscriptions in China