Sentences with phrase «boom in mobile payments»
Not exact matches
Companies like Alibaba, Tencent, and JD.com have created a booming mobile payment market... one that has risen from US$ 15 billion in 2011 to US$ 9 trillion today, according to iResearch Consulting Group.
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The billionaire and visionary, known for making his own fortune mobile payments in the first dot - com boom when he co-founded PayPal, envisions the first commercial Hyperloop track to go the 400 - mile stretch from San Francisco to Los Angeles in less than an hour.
Two of the most interesting, and booming, developments in the payments industry are mobile payments and the rise of the blockchain.
Visa's investment in Square is the latest move by big credit card companies to better position themselves for the coming mobile payments boom.
Only a quarter of people living in Sweden say they use cash at least once a week and a boom in mobile, card and online payments has resulted in the proportion of cash transactions in the retail sector dropping from around 40 % in 2010 to 15 % today, according to the central bank.
The rise of mobile apps offering social payments is contributing to an expected boom in worldwide money transfers this year and beyond.