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Contactless Payment Users to Reach 1B Globally by 2024: Juniper

Increased investment in contactless acceptance infrastructure will drive a 60% increase in unique global contactless mobile payment users to 1 billion by 2024, said a Tuesday Juniper Research report. Also fueling growth is consumer demand for convenient and frictionless payment…

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methods using a phone or near-field communication-enabled device, eliminating the need to carry multiple payment cards, it said.