Recent data from research and markets has found that the retail revenue of the telecoms sector in the Asia-Pacific region will hit $322 by 2016. The growth will be bolstered by a demand for on-the-go internet connections that will in turn lead to a wider take-up of smartphones and tablets with 3G and 4G connections. The study predicts that within India alone there will be 200 million smartphones by 2016.
Further growth will come from how well the telco industry can interact with partner firms in order to drive growth in innovative ways. Mobile payment company mPowa is already locked in high level conversations with telcos within the Asia-Pacific region with a view to signing deals that will enable mobile networks to introduce payment infrastructures for their business customers.
mPowa works by using a free mobile phone app and a reader which connects to a smartphone or mobile device via Bluetooth. It enables companies and individuals to accept card payments from their customers on the go in a quick and convenient way. The mobile app is free to download on iPhone, iPad, Android, Windows and Blackberry devices and functions as the control centre that accepts the payment.
As part of the company's expansion into Asia, mPowa will be exhibiting at Cartes Asia in Hong Kong on March 27 and 28. Cartes will bring together the leading companies from card manufacturing, payment, security, identification and mobility industries. It will be among those showcasing their solutions to the 3,000 delegates from the industry.
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