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A new wave of payments innovation is taking place globally and emerging, high growth markets are the ones to watch. Encouraged by increasing customer demand, favourable regulation and unburdened by legacy infrastructure, countries in high growth markets are beginning to lead the pack when it comes to large scale payments innovation.
Ecommerce continues to soar in emerging markets. Various global e-commerce studies indicate that in 2017 we can expect to see further growth in online transactions worldwide. The rise in internet access and the use of smartphones in emerging markets has been the main driver for e-commerce growth in developing markets.