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1.4 billion people have smartphones increasing at 44% per annum (infographic)

A fantastic infographic was sent over to me today by the folks at Open Mobile Media.

Main headlines include:

  • banks are the most trusted mobile payment providers (43%)
  • half of all smartphone users expect to adopt the use of mobile wallets in the next three years
  • 1.4 billion people now have smartphones, increasing at 44% per annum
  • three-quarters of consumers would switch banks if they got real-time deals whilst shopping
  • mobile commerce will be worth $278.9 billion by 2018 (compared to just $13.8 billion in 2013)*
  • Starbucks processed over $1 billion in mobile payments last year
  • Square's now processing $41 million A DAY
  • Apple has over 500 million iTune users registered with their credit cards and processing $16.5 billion in purchases last year
  • Amazon gets twice the number of mobile visitors buying than any other store

Oh,  and here's the chart (doubleclick to enlarge):

E4PMobilePaymentsPredictionsandTrendsinfographic (1)

I thought the 2013 figure seemed low.  From the article: Google reiterates commitment to mobile payments

"According to Gartner, the global market for mobile payments is forecast to be about $720 billion worth of transactions by 2017. This is up from about $235 billion last year."

Lies, darned lies and statistics.


About Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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