New Study: Mobile Payments May Be Causing Expenditures to Spike

A recent study by Chinese researchers has revealed that mobile payments may lead to increased expenditure among mobile money users. Based on data sourced from a bank in China, research found that the convenience offered by mobile payments could cause people to spend more than they typically would if they were paying in person with physical cash.

With a growing number of consumers opting to shop on online marketplaces, mobile payment services such as Google Pay and Apple Pay have seen a…

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