The Increase in Mobile Wallet Adoption Impacts the Need for Security
The use of mobile payments is on the rise! According to industry data, mobile wallets are used by more than two billion people globally, with many millions more adopting mobile payments every year. In 2021 a total of 25.7% of Point of Sale (POS) payments were performed using mobile wallets and 44.5% of eCommerce transactions were performed using mobile wallets, increasingly replacing cash and contact-based payments. Our blog considers the future of mobile payment security.
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