Mobile payments are becoming increasingly common across most markets thanks to their convenience and ease of use compared to traditional fiat currencies, Euromonitor International senior research analyst Marite Garcia-Araujo says. With millions of consumers worldwide onboarding onto online payment platforms in recent years, mobile payments may even be a legitimate threat to conventional physical currencies in the near future.
As a result of the recent influx of users, the nascent mobile money industry’s value keeps rising and is expected to reach further heights as…
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