Mobile payments to pass $130B
March 2, 2020
The market for mobile payments is expected to grow from $98.8 billion in 2019 to more than $130 billion this year, according to eMarketer. Growing consumer acceptance, better technology infrastructure and the influence of digital natives (consumers 40 years of age and younger) will help fuel further adoption.
Recent News
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands.
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk’s xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.