Portio Research gives insight in the mobile payment user base and penetration worldwide

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Portio Research gives insight in the mobile payment user base and penetration worldwide

“At the end of full year 2012, there were 480 million mobile payment users worldwide; this number is expected to cross the 1 billion users mark by the end of 2015. Thereafter, the figure is expected to continue increasing, reaching nearly 1.5 billion users by end-2017. The figure highlights the number of mobile payment users worldwide and their penetration between 2010 and 2017. As seen in the figure above, worldwide penetration of mobile payment users is forecast to increase from under seven percent in 2012, to nearly 20 percent by the end of 2017.” Source: Portio Research Ltd.

2 trillion USD Mobile Payment Volumes by end of 2017

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130814 2 trillion USD Mobile Payment Volumes by end of 2017

Portio Researchs says: “Volumes are expected to grow at a very impressive CAGR of 59 percent over the period 2012-2017, breaching the USD 1 trillion mark by end of 2015, and the USD 2 trillion mark by the end of full year 2017. The figure depicts mobile payment volumes for the period 2010-2017.

Reminder of definition: Mobile Payment Volumes – volume of purchase of goods and services, and utility bill payments made through mobile devices annually, for the period 2010-2017, expressed in USD Billion. This is not the revenue made by the providers of mobile payment services (MNOs, third-party wallet providers), whose revenue is typically a very small percentage of the total payment volumes.” Source: Portio Research Ltd.