Who Will Bridge the Gap between Online Accounts and Digital Payment Accounts

Currently there are more than 2.9 billion internet users throughout the world. The United Nations International Telecommunications Union had announced that by the end of 2014, the 3 billion internet users mark would be achieved with two-thirds of them being from developing nations. ITU had also disclosed that mobile-broadband penetration is reaching the 32% mark with the number of subscriptions poised to reach 2.3 billion globally.

The 3 billion internet user base poses demand for downloads pertaining to music, videos and books; demand for online payments and commerce activities. Even offline, they would want to use mobile payments. But are these trends really bringing addressable changes in the market. The total global addressable market size is approx. 3 trillion transactions a year, valued around $13 tr ...

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