Digital payments to reach $4.7T by 2019

The annual transaction value of online, mobile and contactless payments will reach $4.7 trillion by 2019, up from just over $2.5 trillion this year, according to a new report from Juniper Research.

There is expected to be a dramatic surge in online sales activity in emerging markets such as China, with the online retailer Alibaba accounting for 20 percent of global B2C and C2C (consumer to consumer) eRetail worldwide in 2013. And sales made on mobile will continue to grow, exceeding those on desktops and laptops for the first time this year. Report