The Mobile Payment Technologies market is projected to grow from USD 60.4 billion in 2020 to USD 212.5 billion by 2026 at a CAGR of over 23.8% during the forecast period. Mobile payment refers to the use of a portable electronic device, such as a smartphone, tablet, or cell phone, as a payment medium. Consumers can use mobile payment technology to make immediate payments for goods and services.
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