One of the reasons behind shoppers using mobile wallets is smartphone adoption.
Since more people have these digital
devices nowadays, it is obvious that they would use it to process microtransactions.
So much so that this particular payment market is expected to grow at
20% CAGR through 2026. Since demand for these devices is increasing among the
younger population, this is no surprise. According to statistics, in 2019,
France, Italy and Germany had almost 150 million smartphone
users and this number has increased since then.
Smartphone users are increasing
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