According to a new report called “The Future of Online and Mobile Payments” released by the research company companiesandmarkets.com, the alternate payments industry including online, mobile and contactless segments will record a CAGR (Compound annual growth rate) of 17.6 percent between 2010 and 2015.
The report has pointed out that the various industry drivers include increasing internet penetration rates, increasing fixed and mobile broadband subscriptions, e-commerce volumes, smartphone shipments and smartphone penetration rates.
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