The retail universe is well aware that it is only a matter of time until brick and mortal retail succumbs to its online competitors. However, retail has actually remained stable and, in fact, is thriving in certain sectors.
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Mobile payment options are no longer the wave of the future. They are already here. It was projected that there would be almost 450 million mobile payment users worldwide by the end of 2016. These users generated $60 billion in mobile payment sales in 2016 alone.