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Online transactions to touch $5 trillion in four years’ time

24 June 2014

The annual transaction value of online, mobile and contactless payments will nearly double over the next four years, reaching $4.7 trillion by 2019, up from just over $2.5 trillion this year.

An article published today on banking technology cites that these are among the conclusions reached by Juniper Research in a new report, Digital Payment Strategies: Online, Mobile & Contactless 2014-2019, which concludes that the largest net increase in spend will occur through remote physical goods purchases.

Read the full article