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April 7, 2015

global mobile payment transaction at $721billion, asia pacific bigger market than america

global mobile payments transactions at $721billion, asia pacific bigger market than america

Global mobile payment transaction volume is set to reach 721 billion USD by 2017. Today  the number of people having a phone  that can be used as a " payment device" is much much bigger than those having a bank account or a credit card
Asia Pacific will account for having  the biggest   base for mobile payments in 2015 as well as 2016 replacing US ..The most popular digital  wallets usage by US consumers are paypal,google wallet and Apple Passbook

Apart from Food industry and  entertainment (movies, concert, shows ).retail  industry have the highest adoption of " Mobile Payments" in the US