Digital payments are expected to reach $6.6 trillion in 2021, a 40% jump in two years, according to a story in CPA Practical Advisor.
Citing data from Finaria.it, CPAPA observed that the global digital payments industry, which comprises mobile wallets, P2P mobile payments, real-time payments and cryptocurrencies, among others, is attracting more users.
The article noted that the mobile payment segment will almost double in the next four years, reaching $4.6 trillion in value by 2025. Major players like Amazon, PayPal, Apple and Facebook are continually investing into online and mobile payment solutions.
Founded in 1991, CPA Practice Advisor is an online and print business magazine covering technology and practice management resources for accounting and tax professionals. It’s part of Endeavor Business Media, which also owns Automatic Merchandiser and VendingMarketWatch.com.