Estimated size of total mobile payment transactions in Asia in 2012

Gartner estimates the total mobile payment transactions in Asia will total nearly 4.5 billion in 2012, up from just 125 million in 2007, growing at an annual compound rate of 105 percent.

The global e-commerce sector, mostly confined to online transactions, is expected to reach $300 billion in annual sales in the next five years, according to some estimates. --------

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