Considering the rise in new payment services and other
technologies, the analyst house Juniper
Research has conducted a study. It revealed that contactless settlements will grow by 2024. The number will triple
to $6 trillion worldwide. Currently, the value is at $2 trillion. In the U.S
alone, the value of financial transactions processed will reach $1.5
trillion. Several factors are contributing to this growth. One of these is the
increased use of mobile wallets. Additionally, more retailers are accepting smartphone-based
settlements methods.
Contactless
payments are on the rise
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