Mobile payments market to reach $42 billion this year

Mobile payment market - smartphone transaction - Growth

Moreover, by 2032, it will have reached a CAGR of 30 percent and will be worth $590 billion. The mobile payments market is continuing its explosive growth, to the point that it is expected to reach a value of $42 billion by the close of this year. That will involve an astounding 30 percent CAGR that will bring it to $590 billion by the end of the next ten years as 2032 comes to a close. Though device-based transactions have been popular in some markets, they were slow to take…

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