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September 27th, 2011 by Damian Davila
Given the rise of smartphones and the further introduction of basic mobile phones into rural areas, there is a strong trend towards using mobiles to conduct financial transactions.
The Industry
According to the Yankee Group, the worldwide transaction value of mobile payments will total $984 billion by 2014, up from $162 billion in 2010. Mobile payments is defined as transactions…
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