By 2022, digital financial service sales will bring in $985 billion
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Facebook's 'Zero Friction Future' report has suggested that with app economy gaining traction, mobile platform influence will increase to 8 out of 10 credit card and insurance purchases, 6 out of 10 personal loan purchases and 7 out of 10 other loan purchases and drive $985 billion financial services sales in India by 2022. Digital purchases were stated to be shorter than offline purchases by 22% for credit cards.