Digitalization is a trend that has embraced our generation to the fullest and steadily. Digitalization among mobile users is piercing through all the sectors. If we talk about how financial transactions have impacted by digitization, it’s immense. Here is the rise and rise of mobile payment technology. The augmentation of smartphones further fuels digital transactions. Today, it’s expected that the mobile payment market will grow at an annual rate of 33%, and by 2026, it will hit the $457 billion mark, as per a report by Global Mobile Payment Market.