Omlis Global Mobile Payment Snapshot 2014

Worldwide Use of Mobile Payments [Infographic]

There are only 1.3 billion active credit and debit accounts globally, but considering that there are more than 5 billion active mobile phone accounts, there is potential for widespread application of mobile payments, according to Omlis, a global mobile payments solutions provider. By the end of 2013, there were about 245 million mobile payment users, and Juniper Research predicts that this will almost double within the next three years up to 450 million mobile payment consumers by 2017. In terms of M-commerce value, Gartner predicts that total mobile payment transactions are expected to reach $507 billion in 2014.  

The global adoption of mobile payments is on an upward curve, and is dependent on consumers’ access to technologies, varying lifestyles, and economic factors.

Africa currently harnesses the highest adoption of mobile payments, according to Gartner. Here, mobile payments are primarily used in place of bank accounts or to facilitate transactions between two parties. Diffusion of mobile payment technology follows closely behind in Latin America and parts of Asia where mobile payments are used by much of the ‘unbanked’ population. In technologically advanced economies, like China, Western Europe, and the US, mobile payments are most likely to be used for leisure activities like ticket purchases or retail.

The Global Mobile Payment Snapshot 2014 from Omlis serves as an at-a-glance-guide to adoption of mobile payments in key geographic regions, and demonstrates the variety of applications to which mobile payments can be applied.

View and share the complete Infographic showing worldwide use of mobile payments and discover other key insights for the mobile payments industry.

Emma Thompson,

Omlis Ltd,

Third Floor,

Tyne House,

Newcastle Upon Tyne,

NE1 3JD,

0845 838 1308

About Omlis – Omlis is a global mobile payment solutions provider bringing market proven, highly powerful, differentiated and most effective solutions to all mobile commerce security. Providing completely secure, unique and uncompromised technology with 100% fault-tolerant tracking of all payments in real-time for full transaction accountability.

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Omlis is global provider of mobile payments solutions to the mobile payments ecosystem, transforming any network to offer instantly secure transactions. As fraud becomes an ever increasing issue across all technology platforms, Omlis brings a highly powerful and differentiated solution to mobile commerce security that is completely secure, un-compromised and fraud-free.

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Quick facts

Africa currently holds the top place for mobile payment usage worldwide, according to Gartner, encompassing 52 percent of all global mobile money services.
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With a higher adoption than North America or Western Europe, the Asian market accounted for about $74 billion in M-Payments in 2013.
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that Russia had the highest reported amount of mobile payments outside of Africa in 2013, with 24 percent of cell owners who claimed to regular use a device for making payments.
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Quotes

Differentiation in global mobile payment trends demonstrates the immense opportunities for organisations involved in the mobile payments space.
Markus Milsted, CEO, Omlis
The predictions for growth signal that this is an industry that will see immense changes as contrasting markets expand upon current practices and usage.
Markus Milsted, CEO, Omlis