Press release
E-wallet Market 2019 Global Leaders: MasterCard, PayPal Holdings, Visa, Apple, Alibaba Group Holding, Citrus Payment Solutions, Oxigen Services India
E-Wallet Market – Overview
Development of ecommerce concepts has spread in the market rapidly. Market Research Future, a firm which specializes in market reports related to the Information and Communications Technology sector among others, recently published a report on this market. The E-Wallet Market on an international level is expected to grow at a CAGR of 15% and is estimated to reach market size USD 2,100 billion approximately by the 2023.
Advancement of technology has led to a rapid pace of development of the market. Smartphones are one of the major factors that have led to widespread penetration of e wallets in the masses. The convenience of having money on demand has triggered the migration of individuals to cashless transactions. Improvement in internet infrastructure and mobile network connectivity has promoted growth of the market.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4633
Key Players:
Market Research Future study identifies Alibaba Group Holding Ltd. (China), Apple, Inc. (U.S.), Citrus Payment Solutions (India), Google, Inc. (U.S.), MasterCard (U.S.), Oxigen Services India Pvt. Ltd (India), PayPal Holdings (USA), Samsung Electronics Inc. (South Korea), and Visa (USA) as the key vendors in the global E-wallet market.
E-wallet Global Market - Segmentation
• Segmentation by application: entertainment, transportation, banking, retail and others.
• Segmentation by type: closed e-wallets, semi-closed e-wallets and open e-wallets.
• Segmentation by mode: online and offline.
• Segmentation by region: North America, Europe, Asia Pacific and rest of the world.
E-wallet Global Market - Regional Analysis
The regional analysis of E-wallet market is studied for North America, Europe, Asia-Pacific and Rest of the World. North America and Europe are contributing a large share in market growth. Followed by Asia Pacific, Japan, China and India which are moving towards cashless economies. Due to increased usage of smartphones, these regions are expected to show high growth opportunities for usage of e-wallets. After demonetization in India, there has been tremendous growth in online payment transfers as well as digital banking. Paytm has achieved 4.7% growth due to this change. In addition to this, FreeCharge doubled its users and is moving towards cashless economy. This will eventually result into tracking all transactions and eradicating black money transactions to some extent.
Industry News
April 18, Chinese e-wallet program launched by Richmond Chamber of Commerce
A partnership between the Richmond Chamber of Commerce and MotionPay Technology Inc. has been announced due to which More Richmond businesses are expected to start accepting transactions from Chinese E-wallets in the upcoming years. At the launch event, the two companies announced their partnership which is designed to provide exclusive access to Chamber members on merchant services via AliPay (associated with Alibaba; online retail giant) and WeChat Pay (associated with WeChat chatting app); the two mobile payment systems existing in China.
April 18, TrueMoney gets payment services license in Vietnam and launches mobile wallet
TrueMoney Vietnam, a part of Thailand-based payment services firm Ascend Money, has been licensed with Intermediary Payment Services (IPS) from the State Bank of Vietnam to operate digital financial services in e-payment, wireless transfers and payment get ways. Vietnam is the second country in the region to launch TrueMoney wallet after Thailand. Consumers are expected to use TrueMoney wallet to make online purchases, pay bills and transfer money from their bank accounts to their wallet on someone else’s wallet. TrueMoney wallet is also expected to be used for reimbursement of payments to the employees. TrueMoney Vietnam aims to offer additional financial services such as loans and insurance in the second quarter of 2018.
April 18, Get set to buy mutual funds from Paytm
Paytm Money Ltd. is a Registered Investment Advisor (RIA) with the capital market regulator, Securities and Exchange Board of India (SEBI). It is similar to any financial advisor who advises you on buying mutual funds and charges a nominal fee in return. Senior vice-president of Paytm money stated that users will be provided with units in statement of account (SOA) format on redemption of which money will be sent to user’s registered bank account. Also, the users will be able to get advice, if needed, on buying and selling of mutual funds.
April 18, M-Pesa, PayPal, TransferTo collaborate to boost Kenya's e-commerce market
The collaboration between M-Pesa, Paypal and TransferTo levelled-up Kenya’s e-commerce and the East Africa market. As a result of this, M-Pesa users in Kenya can link their PayPal account to M-Pesa wallets and purchase products and services from international e-commerce sites. Also users will get the facility of withdrawing funds within three days depending upon the amount. E-commerce merchants can also process PayPal as well as credit card transactions from around the world.
Get Complete Report @ https://www.marketresearchfuture.com/reports/e-wallet-market-4633
Intended Audience
• Service providers
• Software Developers
• IT enablers
• Cloud providers
• Banks
• Storage Providers
• Software Investors
• Database solutions
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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 E-wallet Market 2019 Global Leaders: MasterCard, PayPal Holdings, Visa, Apple, Alibaba Group Holding, Citrus Payment Solutions, Oxigen Services India here
News-ID: 1622847 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Pay
Mobile Payment Services Market 2022-2027: Onset of Advanced Technologies to Upsu …
The most recent research report on the Global Mobile Payment Services Market offers the collective study on the COVID-19 epidemic in order to give the latest data on the key attributes of the Mobile Payment Services market. This intelligence report comprises analysis on the basis of current situations, historical data and future projections. The study comprises several market estimates correlated to market size, revenue, production, CAGR, consumption, gross margin in…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some…
Electronic Payment Market Growth Insights to 2024 by Leading Players like Alipay …
Electronic Payment is a payment solution which is made through digital modes with no hard cash. In digital payment, both payer and payee use digital modes to send and receive money. Digital payment include payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and POS solutions.
Scope of the Report:
The global Electronic Payment market is valued at xx million USD in 2018 and is expected…
Payment Landscape Market to 2024 By Key Players - Samsung Pay, Google Pay, Apple …
For people who are keen on the Payment Landscape Industry the Global Payment Landscape Market Trends, Competitive Analysis and Forecast Report 2019-2024 would be an useful report to refer to as it is an exhaustive study on the present market scenario of this industry. The report also gives a special insight into the growing United States, Europe, APAC, Middle East and Africa market of this industry. The report summarizes key…
Payments Landscape in Australia Market Expected to Generate High Revenue in Futu …
Global Payments Landscape in Australia market report offers in-depth knowledge and analysis results and knowledge concerning Payments Landscape in Australia market share, growth factors, size, key drivers, restraints, opportunities, and trends valid by a mixture of specialists with correct data of the precise trade and Payments Landscape in Australia market further as region-wise analysis experience. The Payments Landscape in Australia report contains historical, current, and projected revenues for every sector,…
