Our generation needs an ENTREPRENEURIAL REVOLUTION.
World Payments Report 2011 indicated that payments using mobile devices would comprise l5% of all global financial transactions. This would reduce further needs for check payments and credit cards. The growth from 20l0 would be from 4.6 billion in 20l0 to l5.3 billion transactions in 20l3.
Check payments account for still l6 per cent of total payments; credit cards account for the highest at 40%. But cashless payments using mobile devices rose from $48.9 billion in 20l0 to $86.l billion in 2011 or 75.9%
increase.
l. What do these developments indicate?
2. What are the opportunities that you see.
World Payments Report 2011 indicated that payments using mobile devices would comprise l5% of all global financial transactions. This would reduce further needs for check payments and credit cards. The growth from 20l0 would be from 4.6 billion in 20l0 to l5.3 billion transactions in 20l3.
Check payments account for still l6 per cent of total payments; credit cards account for the highest at 40%. But cashless payments using mobile devices rose from $48.9 billion in 20l0 to $86.l billion in 2011 or 75.9%
increase.
l. What do these developments indicate?
2. What are the opportunities that you see.
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