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There have been various mobile applications created by various software developers to ensure the safety of one’s money which also reduces the need to carry extra cash.
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Based upon mode of transaction, the mobile payment market is fragmented into Short Message Service (SMS), Near-field Communication (NFC), and Wireless Application Protocol (WAP).
The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.The mobile payments market is mainly driven by the constant rising demand of smartphone along with fast developing mobile applications.
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