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The total number of unique contactless mobile payment users will reach one billion for the first time in 2024, according to a report from Juniper Research.
With the pandemic accelerating the shift towards a cashless ecosystem, just 5% of UK businesses only accept cash transactions, according to new research from YouLend and Dojo.
Vietnamese mobile payments app MoMo has reportedly collected $200m in a Series E funding round from global investors.
Australian mobile payments firm Mr Yum has snared £48m from a Series A funding round led by Tiger Global.
Carrier billing business Boku has unveiled a mobile payments network that it claims will reach 5.7bn payment accounts in 90 countries.
Czech Republic-based cashflow management platform Twisto has reportedly collected €16m in new funding.
Everything from rings to smartwatches can be used to make payments these days, but ten companies are spearheading the market's development.
The ubiquitous adoption of smartphones has driven the worldwide adoption of mobile payments, but ten companies have been identified as leading the charge in the multi-trillion dollar sector.
The ubiquity of smartphones and internet access is expected to push the value of the mobile payment market to be worth $4.57trn by 2023, according to new research.