Asia Pacific leads strong growth in mobile payments

North America lags behind regions using simpler technology like SMS and text messages

Mobile payment technology continues to rapidly gain ground around the world, with Gartner Inc. projecting 55% more mobile payment users this year than in 2009.

Gartner said the biggest growth areas for mobile payments are not developed areas like the U.S., but in places like the Middle East and Africa. Users in the latter regions rely on simpler technology, such as Short Message Service or texting, Gartner analyst Sandy Shen said today.

Also, there are many users in developing markets who don't have easy access to banks or desktop computers, making them prime candidates to use phones and other mobile devices to pay bills and complete banking functions, said Shen.

SMS is the dominant mobile payment technology, Shen said. Web access from a mobile device is also used, but primarily in developed areas of the world where there are far more users of data-capable phones and carriers that sell data plans.

Shen said that Near Field Communications, where a mobile user waves a phone over a wireless receiver connected to a pay station or terminal to make a payment, hasn't caught on because financial institutions face the complexity of dealing with wireless carriers to make the service work.

Gartner said that 70 million people worldwide used mobile payment methods in 2009; the number is projected to grow by 55% to 108.6 millon this year.

The smallest region by users, North America, will increase from 1.9 million users to 3.5 million in 2010, while the largest region, Asia/Pacific, will grow from 41 million to nearly 63 million in 2010.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobileGartnerasia pacific

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Matt Hamblen

Computerworld (US)
Show Comments

Essentials

James Cook University - Master of Data Science Online Course

Learn more >

Mobile

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?