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Juniper Research: Half the World’s Population to Use Digital Wallets by 2024
Online Payments Receiving Security Boost
BASINGSTOKE, England–(BUSINESS WIRE)–A new study from Juniper
Research has found that the number of people using digital wallets
will increase from 2.3 billion this year to nearly 4 billion, or 50% of
the world’s population, by 2024. This in turn will push wallet
transaction values up by more than 80% to more than $9 trillion per
annum.
According to the study, Digital
Wallets: Service Provider Analysis, Market Opportunities & Forecasts
2019-2024, strongest growth is expected to come through online
payments for remote purchases. The study argued that increases here
would be driven by a greater volume of transactions conducted via stored
credentials. For example, in the US, annual spend per digital wallet is
expected to increase from around $3,350 this year to more than $6,400 by
2024.
For more insights, download our complimentary whitepaper, ‘Will
Wallets Trump Cards & Cash?’
Furthermore, the research claimed usage would be boosted by the
increased security for online payments afforded by the introduction of
SRC (Secure Remote Commerce) standards from H2 2019, with transactions
protected via tokens and dynamic cryptograms.
QR Code Usage Spreading Beyond China
Meanwhile, the report highlighted the challenge posed to NFC-based
contactless wallets, such as Apple Pay and Samsung Pay, by the emergence
of wallets based on QR codes, with growth expected to be boosted by the
implementation of EMVCo standards. However, Juniper believes that the
primary opportunities for QR code wallets outside their Chinese
heartland will occur in developing Asia, where there is a paucity of POS
infrastructure and merchants can use smartphones to fulfil QR-based
transactions.
Wallet Offerings Ranked
The study also provided comparative assessments of 14 national and 22
international wallet offerings, combining analyses of product range and
banking partnerships with customer feedback to gauge their prospects.
According to research author Dr Windsor Holden, “The Juniper
Innovation Index and Leaderboard enable us to see at a glance precisely
where these wallets are positioned relative to one another and how well
placed they are to capitalise on the opportunities afforded to them.”
Juniper Research is acknowledged as the leading analyst house in the
digital commerce and fintech sector; delivering pioneering research into
payments, banking and financial services for over a decade.
Contacts
Sam Smith
Press Relations
T: +44(0)1256 830002
E: [email protected]
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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