Mobile wallet use will overtake credit cards in the US


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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