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E-wallet trend type and challenges


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By the end of 2023, the global E-wallet market is expected to grow to USD 2.1 trillion with a CAGR (Compound Annual Growth Rate) of 15%.

The emergence of eCommerce and the digital economy calls for new payment methods in the market. The online-only shift of some buyers has forced the digital ecosystem to migrate from cash payments to plastic cards, and now it is taking a leap towards contactless payments.

Contactless payment can be made through digital channels held in the cloud or on the digital wallets (E-wallet). As the world of digital payments is still evolving, industry experts address it with a variety of names such as mobile banking apps digital money, e-money, micropayments, and many others. Also, there are several types of e wallets available in the market that make contactless payments a reality.

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Created by nimbleappgenie 7 weeks 6 days ago – Made popular 7 weeks 3 days ago
Category: Technology   Tags: