Retail in Asia

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Asia-Pacific mobile payment users to surpass 62.8m in 2010

Asia-Pacific is the leading region with mobile payment users. In Asia-Pacific, mobile payment users will surpass 62.8 million in 2010, and represent 2.6 percent of all mobile users worldwide.

According to Sandy Shen, research director at IT research and advisory firm Gartner, the strong demand for mobile payment in developing markets is being driven by populations that do not have ready access to either the banking infrastructure or PCs, positioning mobile as the natural choice of access platform.