According to a new study, the number of people using a mobile wallet to process transactions
is expected to grow in the next five years in the US. Indeed, by 2026, the
market value of these payment solutions is predicted
to reach more than $80bn. Currently, its share is over $23bn. These findings
were revealed by Graphical Research.
Growth of these innovative settlement methods is being driven by the rapid
proliferation of smartphones
and increasing internet penetration. Moreover, consumers are showing more
interest towards digital payment solutions.
More people will use mobile wallets in the US © Royalty-free image
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