According to a new study, the number of transactions
conducted via mobile money transfers
will double by 2024. These cashless payment services are
easy and quick to use. The amount recorded for this year is $1.8 trillion. Juniper Research’s report predicts that
it will reach $3.5 trillion in 2024. The increase in mobile use will drive the
market and digital financial transactions will make up 86% of the
industry’s total value by the next five years. This alternative method to cash is
growing across the world.
Mobile
money transfers will keep increasing
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