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Digital wallets are continuing to chip away at cash

Conventional cash is continuing to fall according to new research that highlights the increasing popularity of digital wallets and mobile payments.

According to a new study by Juniper Research the number of unique digital wallet users is now predicted to exceed 4.4 billion around the globe by 2025. Compared to 2.6 billion people making use of digital wallets in 2020 this represents a 70% growth, with consumers opting to use mobile payments for their transactions.

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