The P2P payment market is valued at US$13 trillion
According to a recent report, the P2P payment market is worth US$3.21 trillion in 2023 and is expected to reach US$13 trillion by the end of 2032. global market insights corp.. Driven by the increasing popularity of mobile technology and digital wallets, the P2P payments market size is expected to grow at a compound annual growth rate of more than 15% between 2024 and 2032. As smartphones and internet connections become more common, consumers are increasingly turning to P2P payment apps because of their convenience and ease of use. According to GSMA, by 2023, about 54% of the world's population (equivalent to about 4.3 billion people) will own a smartphone. These payment platforms also allow users to quickly and securely transfer money between accounts, pay for goods and services, and split bills without the need for physical cash or checks. The rise of e-commerce and increasing preference for contactless transactions are driving the market growth. As consumers seek faster and…
U.S. ports generate $2.9 trillion in economic impact
The American Association of Port Authorities (AAPA) has released its 2024 Port and Maritime Industry Economic Contribution Report, emphasizing the important role that U.S. ports play in the national economy. The study highlights that the maritime sector supports nearly $2.9 trillion in GDP and 21.8 million U.S. jobs, solidifying ports as important pillars of the economy. “With one in every eight U.S. jobs and a GDP of nearly $2.9 trillion, we can’t imagine a world without U.S. ports,” said Cary S. Davis, AAPA president and CEO. Davis) said. "Despite significant challenges such as the pandemic, macroeconomic shifts and protectionist trends, the port industry remains critical to U.S. supply chains and economic growth. Policymakers must continue to invest in our ports to ensure long-term prosperity." Key findings of the report 1. 21.8 million jobs are supported by the maritime industry, including consumer spending, suppliers and port users, equivalent to one in every eight jobs in the U.S. workforce. 2. In 90%…
Will China’s Catering Industry Revenue Reach 5 Trillion Yuan in 2020? “FHA-China”
Will China's Catering Industry Revenue Reach 5 Trillion Yuan in 2020? "FHA-China" In recent years, Chinese consumers have increasingly expressed their desire to buy high-quality products domestically that are as good as imported foods. According to a recent report by the China Culinary Association, food consumption in the Chinese market was estimated at 3.9 trillion yuan in 2017, and it is expected that by the end of 2020, the turnover of China's catering industry will exceed 5 trillion yuan.As a professional event of catering, food and beverage equipment in East China, 2018Shanghai Catering Equipment ExhibitionFHA-China attracted 536 enterprises from 28 countries and regions, including Turkey, the UK, the US, Thailand, Spain, Singapore, Russia, Malaysia, South Korea, Japan, Italy, France, Brazil, Australia and Vietnam. while several domestic provinces and cities showed up and received a total of 29,280 visitors, including 13,901 professional visitors. The total exhibition area exceeded 26,000 square meters.In order to meet the increasing demand for high-quality food and…
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