Mobile phones are becoming preferred smart payment devices. 87% of the world owns a mobile phone and according to Gartner Research estimates, sales of smartphones will continue to grow by 75% each year. In 2009, 4.7 Billion people owned a mobile phone; by the end of 2011, this number had reached 6 Billion, an increase of 1.3 Billion subscriptions in only 2 years. This Payvision whitepaper examines the current landscape.
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