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Mobile money market ‘set for rapid growth’

26th February 2016 Church News.

The global user base for person-to-person (P2P) mobile money transfers will increase from 193 million users in 2014 to 1.61 billion in 2019, according to Ovum.
The analyst firm’s new m-payments forecast also shows that the total user base for all mobile payment segments – including m-commerce and mobile proximity payments – will grow from an estimated 690 million users in 2014 to 4.8 billion users in 2019.