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.
Smartphone enabled tap and go usage for transactions will take off in Australia over time, according to a senior partner from professional services firm Deloitte which has just released its study on the latest trends in the Australian mobile consumer market, including the growing shift to biometric smartphone security.
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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