Electronic payments a big plus for emerging economies: study
With EM consumption growing faster than in developed markets, e-payments can help boost GDP
Singapore
IN A nod to the network effect, a Visa-commissioned study by Moody's Analytics on Wednesday showed emerging economies have more to gain in boosting electronic payments.
This comes as developed economies saw a greater boost in consumption through electronic payments, than developing economies, even as emerging markets' consumption growth is bound to grow much faster.
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