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‘The market for E-wallets is expanding more than ever’
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Joined: 3/5/2020(UTC) Posts: 75  Location: London
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Have a look at the facts that support the above statement. - According to Zion Market Research, the global market for digital wallets is forecasting a CAGR of 32% between 2017 and 2022.
- This CAGR could mean that the market valued at $594 billion in 2016 will reach a significant value of $3142 billion by 2022.
- According to the Worldpay’s global payment reports, transactions made through e-wallets for e-commerce apps occupy a considerable share of 36%.
- Besides, the percentage is expected to reach 47% by 2022.
- By 2022, e-wallets will hold the second position behind transactions made through cash in Point Of Sale payment methods.
- According to the U.K. Cards Association, digital modes of payment in the United Kingdom has increased to 184%, witnessing 179.6 billion transactions.
All these facts signify that entrepreneurs needn’t restrain themselves from investing in this E-wallet app development.
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‘The market for E-wallets is expanding more than ever’
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