The payments industry around the world has been steadily rising as the hottest and most financially attractive segment within fintech. Mobile payments, in particular, are on the verge of explosive growth and adoption in the coming years. If in 2015, US mobile payments transactions reached approximately $8.7 billion, by 2019, the number is expected to hit $142 billion. Meanwhile, the number of Europeans regularly using a mobile device for payments has tripled since 2015 from 18% to 54%.
This is truly a time of a ‘gold rush’ and all kinds of market participants are now jumping on the bandwagon – financial institutions, technology startups and large tech corporations, mobile phone manufacturers, etc. Read more: www.letstalkpayments.com
