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In 2017, the platform generated over 5.8 billion transactions, totalling RMB 357 billion in gross transaction volume.
While gross transaction volume and user engagement are valuable themselves, what really drives the valuations of these companies is the wallet or brokerage accounts behind them.
The company is likely to generate a gross transaction volume of $50 billion in 2019 based on its half-year numbers.
Worldwide gross transaction volume for mobile payments for digital goods is expected to more than double by 2015 to $268 billion. .
Meituan-Dianping runs the leading online marketplace for services in China by gross transaction volume and also acquired bike-sharing startup Mobike earlier this year.
"What sets Fortumo apart from their competition is their focus on geographies where mobile payments will have the biggest impact and growth over the next few years". Worldwide gross transaction volume for mobile payments for digital goods is expected to more than double by 2015 to $268 billion.
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All together, worldwide gross transaction volumes for mobile payments for digital goods is expected to more than double by 2015 to $268 billion, Fortumo notes.
All together, worldwide gross transaction volumes for mobile payments for digital goods is expected to more than double by 2015 to $268 billion, Fortumo notes.
Last year Live Nation's resale sites facilitated a gross transaction value of US$1.2bn globally.
He wants to bring transparency to the $15 billion-a-year (rough estimate of gross transaction value) global art market.
Transaction volume will skyrocket.
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