Mobile wallets are more popular than bank payments


Besides the fact that they are secure payment solutions, several other factors have led to the popularity of mobile wallets. In developing countries, less than 25% of the population have a bank account. In contrast, 80% of them have access to a smartphone and a mobile account. Moreover, this payment service works through text messages. So even if a consumer does not have the latest handset, there is no issue. He/she will still be able to pay online without difficulty.


There are more smartphone-owners than banked customers

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