According to foreign media reports, the latest research report released by the Swedish market research agency Berg Insight predicts that the number of active mobile payment users in emerging markets will increase from 61 million in 2011 to 381 million in 2017, with a compound annual growth rate (CAGR) of up to 36%.
At present, several of the most successful mobile payment services appear in Africa, but the Asia-Pacific region is expected to become the most important regional market, accounting for nearly two-thirds of the active user base in 2017. The total value of mobile payment transactions is expected to soar from US $ 44 billion in 2011 to US $ 395 billion in 2017, with a compound annual growth rate of 44%.
In the process of formal financial services expanding their coverage to emerging market populations lacking banks and financial services, mobile payments play a key role. Mobile phones will also become the main channel for groups that have already opened banking services to use self-service banking services.
Lars Kurkinen, a telecommunications analyst at BergInsight, said: "This industry is now in a very exciting stage. Mobile payments are not only appearing in Kenya, we are also seeing an explosion in Tanzania, Uganda and other countries. increase."
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