Jump in mobile payments users this year - GartnerThe number of people around the world making payments using their mobile phones is set to soar from 43.1 million in 2008 to 73.4 million this year, a 70% rise, according to analyst house Gartner.
By 2012, the company predicts the number of people making m-payments will hit 190 million - more than three per cent of total mobile users - as it becomes "mainstream."
However, security concerns, an inadequate 'ecosystem' and undefined areas in banking regulations remain challenges for the technology.
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