Fintech Boku found in its study that mobile wallets use will rise by nearly 74% and estimated that there will be 4.8 billion wallets by the end of 2025. The study cited that e-commerce and mobile apps drove the growth of mobile wallet adoption.
The demand for fast and secure digital transactions is growing fast in Asia Pacific amidst the Covid-19 pandemic, and the payment segment is viewed as a “lucrative investment” avenue for investors, according to GlobalData. Investors are funding these businesses to get a slice of the market.
Chinese companies dominate venture capital funded companies in the global tech space, according to worldwide data and analytics vendor GlobalData.
A few weeks ago I left the house and while driving realised I had forgotten my smartphone. It was not a good feeling – I felt disadvantaged and disconnected. Yet, as a younger man, I happily travelled around the world with just my wristwatch and a backpack. What has happened to us since those days?