Phone smart, money smarter

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Chief financial officers are increasingly willing to go mobile in their professional lives, discarding decades-old methods of transferring funds in favour of payments executed on smartphones and tablets, says a report by HSBC Global Research. Kee Joo Wong, regional head of global payments and cash management, HSBC said, "The world is on the brink of a new era in mobile payments, which will revolutionise the way businesses operate. Since the launch of the HSBCnet Mobile app we've seen a marked increase in the use of smartphones and tablets by our corporate customers. At the current rate of growth, we expect to reach $100 bn in global payments in the next 18 months." Here's a look at key numbers from around the globe: