The forecast: In 2020, more than 1.18 billion people used proximity mobile payments worldwide, a growth of 22.2% over 2019. By 2022, proximity mobile payments will reach close to 1.35 billion people worldwide as the payment method's popularity increases.
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Looking ahead: By 2025, we expect proximity mobile payments will have over 1.49 billion users worldwide, translating to 48.2% of smartphone users.
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