21 Observations - Mobile Payments The advancement of technology combined with ongoing infrastructure improvements has increased mobile phone penetration over the past years. This in turn has led to widespreadadoptionofmobilewallets. Rather than waiting a generation for incomes to rise and traditional banks to extend their reach, emerging economies have the opportunity to leverage mobile technologies to provide digital financial services for all, whichinturncanrapidlyunlockeconomicopportunityand CH accelerate social development. TE N I F F O TE TA S E TH Global Tech Trends: Mobile First 21