Soon overtaking credit cards, mobile wallet use is going to take off in the US. It will become
the leading payment
solution in the country. This was revealed by FIS (Financial Services Company). The firm
has released a report which advanced that this m-payment service will make up
38% of e-commerce spending by 2023. Credit cards will decrease to 25%
while debit systems will hold 16% of the market. This growth can be attributed
to the increase in consumer
trust in mobile wallets.
People
will use mobile wallets more than credit cards
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