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Analyst Discusses the Current Status, Outlook of the Mobile Payments Segment

Mobile payments are becoming increasingly common across most markets thanks to their convenience and ease of use compared to traditional fiat currencies, Euromonitor International senior research analyst Marite Garcia-Araujo says. With millions of consumers worldwide onboarding onto online payment platforms in recent years, mobile payments may even be a legitimate threat to conventional physical currencies in the near future.

As a result of the recent influx of users, the nascent mobile money industry’s value keeps rising and is expected to reach further heights as…

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