mobile payments

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Worldwide Card Payments Overtake Cash Transactions for First Time

For the first time ever, global consumer card payments have surpassed cash payments. According to new research from Euromonitor International, card transactions have reached $23.1 trillion globally compared to the $22.6 trillion in cash purchases. Both consumer card transactions and mobile payments are growing at a much faster rate than cash payments. Consumer cards are expected to grow 6.6%