1bn mPayments Users by 2016, says Portio
- Thursday, February 2nd, 2012
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The number of mPayment users worldwide will break 1bn by the end of 2016, according to the Mobile Payments 2012-2016 report from Portio Research, representing a 44.62 per cent CAGR, from 158.1m in 2011.
mPayment volumes, meanwhile, which denote the face value of purchases and transactions through mobile handsets, stood at $159.3bn in 2011. According to the report, this number will comfortably pass $1 trillion by the end of 2016. 
The full report can be purchased here.
