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Amazon, FB, Apple, Google, and Alibaba Gain Big Share in e-Wallet Transactions at 41.9 bn
November 08, 2018
As per a report from BNP Paribas and Capgemini, top tech giants from US and China i.e. Amazon, FB, Apple, Google, and Alibaba have gained massive market share in the e-wallet transactions across the world. They are facilitating 8.6% of the global non-cash transactions that are estimated to be 41.8 billion.
The report said that non-cash transaction volumes grew in double digits during 2015-16 with the total volume standing at a little over 482 billion. It also said that Asia is the main driver of this growth.
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