50+ Global Mobile Payment Stats, Data & Trends (Feb 2020)

Southeast Asia Is The Fastest-Growing Region In The World For Mobile Payments

While China boasts all the big user numbers, Southeast Asia is emerging as the world’s mobile payments hotspot. This is where adoption is growing fastest around the world and the region is no longer relying on Singapore to drive growth.

A 2016 report from ” class=”wpel-icon-right”>Frost & Sullivan named Singapore as Southeast Asia’s mobile payments leader, largely thanks to its 85% smartphone penetration, high average wages and strong consumer culture. Despite its population of just 5.6 million (compared to Indonesia’s 264 million), Singapore’s mobile payments market was already worth more than $1 billion in 2016.

Things are starting to change, though, driven by countries like Thailand where 92% of devices (mobile vs desktop) are smartphones. Southeast Asia has become a mobile-first region and, for many, it’s a mobile-only region.

” class=”wpel-icon-right”>Research carried out by Hootsuite and We Are Social reveals that Indonesia has the world’s highest mobile eCommerce penetration rate at 76% (vs China’s 74%) and Thailand has the world’s largest mobile banking penetration rate at 74% (beating Sweden’s 71%).

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L’articolo 50+ Global Mobile Payment Stats, Data & Trends (Feb 2020) proviene da #Adessonews Finanziamenti Agevolazioni Norme e Tributi.