Press release
Mobile Wallet Market 2018-2024 By Top Players: Amazon, Apple, Inc., Google, Inc., Citrus Payment solutions, Bank of America, Oxigen Services Pvt. Ltd, PayPal Holdings, Samsung Electronics, Inc., Visa
Mobile Wallet Market size is driven by the acceptance of mobile wallet payments across various industry verticals. The mobile wallet payment has augmented the operational efficiency and cost-effectiveness by reducing the processing fees. For instance, PayPal has expanded its operations across approximately 200 countries, allowing the customers to link their mobile wallets to their bank accounts and allowing them to carry a balance.
Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/2653
Near Field Communication (NFC) is one of the major technologies used in the mobile wallet. The growth of the market is driven by the increasing adoption of the technology and compatibility with smartphones. The technology enables smartphones to emulate the smart cards such as travel cards used in the transportation. Remote payment is a widely used payment method used across the majority of the wallets. Instead of using credit cards or debit cards, customers can use mobile phones to pay for goods and services such as Freecharge.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Amazon
• Apple, Inc.
• Google, Inc.
• Citrus Payment solutions
• Bank of America
• Oxigen Services Pvt. Ltd
• PayPal Holdings
• Samsung Electronics, Inc.
• Visa
Countries including India, China, and Japan are rapidly adopting mobile wallet payment modes. This growth in the mobile wallet market in the Asia Pacific countries is attributed to the falling smartphone prices. The demonetization in India has led to the rapid adoption of mobile wallet payment modes, increasing the per day transactions by tenfold. The government support for the cashless economies will fuel the market growth. For instance, the Digital India program that promoted cashless payments within the government sector and improved the cybersecurity within the region has caused an increased adoption of mobile wallets across the region. Mobile commerce has also augmented the growth of mobile payment wallets. Various incentives in the form of cashbacks and discounts offered by merchants and establishments for online payment have bolstered the market growth.
Some of the major service providers present in the digital payment market are Amazon, Apple, Inc., Google, Inc., Citrus Payment solutions, Bank of America, Oxigen Services Pvt. Ltd, PayPal Holdings, Samsung Electronics, Inc., and Visa. The companies operating in the mobile wallet market primarily focus on product development and innovation strategies to gain the market share and an edge over competitors.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2653
For instance, in 2017, Google launched its new payment platform Tez in India to cater to the growing demand for the market. Companies are also leveraging on the merger and acquisition strategies to expand their product portfolio and gain technical expertise. For instance, in 2018, the Mobile Wallet (TMW) Pvt. Ltd., a digital wallet and pre-paid card service provider, acquired Trupay with the sole purpose of strengthening its position in the market.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Wallet Market 2018-2024 By Top Players: Amazon, Apple, Inc., Google, Inc., Citrus Payment solutions, Bank of America, Oxigen Services Pvt. Ltd, PayPal Holdings, Samsung Electronics, Inc., Visa here
News-ID: 1453989 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Mobile
Global Mobile Wallet Market, Global Mobile Wallet Industry, Market Revenue, Mark …
The digital wallet is the engine of mobile commerce and also agreements an evolutionary path to decrease the friction in the transaction and optimize consumer satisfaction. The users are interested towards gorgeous cash backs and loyalty coupons suggested by dissimilar mobile wallet corporates. The mobile wallet market in the report denotes to payment services functioned under financial regulation and functioned through a mobile device instead of paying with cheques, cash, or credit cards.…
Asia - Mobile Infrastructure and Mobile Broadband
Bharat Book Bureau Provides the Trending Market Research Report on "Asia - Mobile Infrastructure and Mobile Broadband" under Telecom category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Executive Summary
Leading Asian nations prepare for 5G rollouts
Asia’s mobile subscriber market is now witnessing moderate growth in a fast maturing market. Whilst there are still developing markets continuing to grow their mobile subscriber base at…
Mobile Virtual Network Operator (MVNO) Market Analysis by Top Key Players Tracfo …
The mobile virtual network operator (MVNO) is also referred to as the mobile other licensed operator (MOLO), or the virtual network operator (VNO), is the remote service of communication which does not claim the remote network infrastructure on which it gives the customer the services.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2835705?utm_source=RK&utm_medium=OPR
The MVNO goes into the business agreement with the mobile network operator for acquiring more access to…
Mobile Virtual Network Operator (MVNO) Market Comprehensive Study 2018: Boost Mo …
Global Mobile Virtual Network Operator (MVNO) market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Mobile Virtual Network Operator (MVNO) Market report includes historic data, present market trends,…
Asia - Mobile Infrastructure And Mobile Broadband
Asian mobile broadband market continues to grow strongly
With 3.9 billion mobile subscribers and over 50% of the mobile subscribers in the world, spread across a diverse range of markets, the region is already rapidly advancing in the adoption of mobile broadband services. Mobile broadband as a proportion of the total Asian mobile broadband subscriber base, has increased from 2% in 2008 to 18% in 2013, 27% in 2014, 33% in…
Mobile Money Market Trends, Public Demand and Worldwide Strategy - Mobile Commer …
The mobile money market report provides an analysis of the global mobile money market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the mobile money market over the forecast period. It…
