Summary
While cash and charge cards continue to be the staples of consumer transactions online and offline in Western Europe, mobile payments are rising at almost 24% CAGR over the next five years. In-person payments are projected to grow the fastest but the shift in offline sales toward mobile and digital acceptance is expected to be a gradual evolution rather than a swift revolution. This report shows the size of the Western Europe mobile payments landscape from 2013 until 2019, detailing the rising payments through mobile in-person, remote mobile commerce, and mobile peer-to-peer (P2P).
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