Digital global domestic money transaction values are exploding around the world, with a new market report forecasting the value of transactions will exceed US$3.5 trillion by 2024 - up from US$1.8 trillion in 2019.
Worldwide mobile money transfer volumes will exceed 203 billion in 2024, up from 130 billion in 2019, according to new research which reveals that country domestic transfers are being driven by increasingly easy mobile payment systems.
There has been a significant upsurge in international remittance activity in the past two years, with a number of cross-border mobile remittance services now being deployed, according to analyst firm Juniper Research.
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