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Estimates Say the Mobile Payment Market is Hitting $780 Billion in 2017

According to a new report released by TrendForce, we’re going to see huge growth within the mobile payment market this year. The report mentions that people who own smartphones spent over $585 billion using mobile payments services in 2016. This includes Android Pay, Samsung Pay, Apple Pay and all other mobile payment solutions that are available. This means we could see an increase of more than 25% in this year alone.

Even though Google is pushing Android Pay fairly hard, TrendForce’s research believes Samsung Pay and Apple Pay are the two system who have an advantage over the current competition. The company was impressed with how Android Pay entered the Japanese market though, as it has been a tough

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