Mobile wallets will reach over $3 trillion by 2022

 

In recent times, more and more people are using mobile wallets. These services are fairly new in the market and, as such, they are considered to be innovative methods allowing you to pay online. This is a form of digital system that stores your financial information on your smartphone. All details are saved in one place, so settlements are processed more easily. They act as an ecosystem for transactions between merchants, customers and financial firms. Since they are extremely convenient, their market size is expected to reach more than $3 trillion by 2022.

Photo credit: LoboStudioHamburg from Pixabay

Mobile wallets are convenient systems


Comments