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Rising smartphone penetration, regulations pushing users away from cash, and globalization demanding faster and new ways to transact are leading to a swell in noncash payments, which Business Insider Intelligence expects to grow to 841 billion transactions by 2023.
Business Insider Intelligence
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See Also:
- Lloyds Bank and Visa are partnering to widen UK cash access
- Mastercard and Barclays are partnering to grow Pay by Bank
- US card networks are going to raise interchange fees in April
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