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Global Mobile Payment Market to Grow at a CAGR of 29.5%, Report Shows

The global market for mobile payments is predicted to grow by nearly 30% over the next 8 years. Mobile payment systems have been around for well over a decade and a half, but they didn’t truly become mainstream in the West until the coronavirus pandemic hit. Lockdowns and isolation orders forced tens of millions of people to avoid physical currency in favor of contactless payments.

Companies like FingerMotion Inc. (NASDAQ: FNGR) that have interests in the mobile payments space of countries like China need to position themselves appropriately so that…

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