Worldwide mobile payment transaction value to grow by 44% this year to reach $235 billion

The report « Forecast: Mobile Payment, Worldwide, 2013 Update » from Gartner published this week confirms the strong growth of the global mobile payment market.

The number of mobile payment users worldwide will reach 245.2 million in 2013, a 22% increase from 2012, while worldwide mobile payment transaction values will reach $235.4 billion in 2013, 44% growth from 2012.

By 2017, this market will be worth $721 billion with more than 450 million users.

Western Europe’s transaction value is expected to grow by 53% in 2013 to represent 12% of the global mobile payment market. This region will experience steady growth through the forecast period.