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Share this article Share this article PALM BEACH, Fla., May 25, 2021 /PRNewswire/ Mobile payment services offer the customers an instant money transfer and a secured substitute for the cash-based transaction. The increasing availability of high-speed mobile data networks along with increasing adoption of smartphones is boosting the adoption of payment solutions. The digitalization of payment services and growing e-commerce businesses are contributing to the growing market trends. The digital generation, i.e. generation Z, is likely to create vast opportunities for the payment industry. The key players of market are offering rewards, redeem points, loyalty points, and among others to attract the customer for paying through mobile is likely to drive the market. Mobile payment is the preferred medium for paying or receiving payments, as it offers high-speed and hassle-free services. This in turn attracts all types of companies to offer their goods and services via mobile platform.

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