Alpha Hunters: The Mobile Payments Opportunity
|Jun 13th, 2012 | Filed under: Alpha Hunters, Alpha Strategies, Private Equity, Today's Post, Venture capital | By: vshah||
The mobile payments market is one of the fastest growing segments of the digital economy. Research by Gartner shows that the total value of global mobile payments will surpass US$171.5 billion in 2012, a 61.9 percent increase from 2011 values of US$105.9 billion. The research firm Yankee Group develops on this by predicting the mobile payments market will transact over US$1 trillion by 2016.
Much of this growth has been attributed to the fact that the internet and mobile telecommunications have matured and become more unified. Bearing in mind the world population is 7 billion, it’s astonishing to consider that 5.9 billion mobile-cellular subscriptions exist (meaning that 87% of the world’s population have a mobile phone). These devices have also become more ubiquitous and more capable, twice as many people in the world now access the internet through their phones than through fixed-line broadband.
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Vikas Shah is Founder of the consultancy Thought Strategy and CEO of Swiscot Group (a diversified trading firm). Vikas writes and publishes Thought Economics, a leading journal where he interviews some of the most influential individuals in the world. He is a respected commentator and analyst on global issues, finance and economics and a non-executive to a number of philanthropic organisations worldwide. You can follow him on twitter @MrVikas.