Mobile wallets – smartphone apps where you can store your debit and credit cards – are a convenient way to pay for transactions with a tap of your phone. Thanks to convenience, speed and added security, this mobile payment option continues to grow increasingly popular, with the market estimated to rise to $1.35 trillion in 2017.
If you haven’t jumped on the bandwagon yet, keep reading for five reasons mobile wallets are gaining popularity.
1. “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2017-2021,” Juniper Research, 2017.
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