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Mobile Payments to Reach U.S.$1.3 Trillion Annually By 2017

Global mobile payment transactions are expected to rise nearly fourfold over the next five years to more than US$1.3 trillion, according to a new report from Juniper Research. With Africa and other emerging nations playing vital roles, the report sees the growth primarily driven by sales of physical goods by both remote purchases and near field communications (NFC) transactions.

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