Digital and mobile wallets
are solutions that give you the opportunity to pay online using your
smartphone. You can purchase a wide variety of goods and services using this
solution and it has become increasingly popular among e-shoppers. More people are opting for this settlement method. In
2016, 444.7 million of consumers have processed mobile payments. This is
equal to $620 billion. However, by the end of 2020, this number is expected to
reach to $1 trillion. This can be due to accessibility of smartphones
across the world.
Mobile
wallets work via smartphones
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