Asia Pacific leads the way as mobile payments head towards US $1 trillion
Tuesday, August 18, 2015
The Asia Pacific region, including Australia, is predicted to contribute greatly to the rise of 124% as mobile commerce (or mCommerce) transactions with remote payments take off across the region.
The latest report on the market from research firm IDC reveals that, driven by a high number of initiatives and diverse mCommerce maturity level, Asia/Pacific is expected to lead the world in mobile payment -or mPayments – developments.
According to IDC, the strongest growth for mPayments will be driven in part by rising levels of mCommerce as emerging nations come online for the first time and witness an internet boom via smartphones.