“At the end of 2015, 62% of the population in Asia Pacific (2.5 billion individuals) subscribed to mobile services” according to the latest GSMA mobile economy report.
The four dominant markets – China, India, Indonesia and Japan – together accounted for more than three-quarters of the region’s total subscriber base. And as one of the most populous countries worldwide, Indonesia is considered as one of the largest and fastest growing markets for payment solutions.
The Mobile Ecosystem Forum reported last year that 80% of mobile media users in Indonesia carried out a banking activity, in comparison to 69%, globally.
In recent mobile money news in the region, major players Wirecard AG and Verifone have entered into a strategic alliance to rapidly expand the point-of-sale market in Asia Pacific, starting in Indonesia, while Nokia and Ooredoo Myanmar announced the launch of 4G services to offer high-speed mobile services to subscribers in some areas for the first time while also meeting future data demands.
Other key findings from the GSMA 2016 Mobile Economy report:
• Growth rates in Asia Pacific are to remain above the global average, adding more than 600 million new subscribers by 2020.
• South and South-East Asia will be the new focus for growth, with India alone to add just under 250 million new subscribers in the next 5 years.
• Total number of smartphone connections will be 1.7 billion by 2015, accounting for 45% of total connections in the region.
• Mobile internet penetration in Asia Pacific increased 2.5 times over the last five years, reaching 45% of the population in 2015. Over the next five years, an additional 800 million people are expected to gain access to the mobile internet, bringing the total to 2.6 million.