Mobile Wallet Market Size, Industry Trends, Leading Players, Share and Forecast 2019-2025

The global market is expected to grow impressively with a CAGR of 29.4% during the forecast period (2018-2023). There are a variety of pivotal factors that are driving the global mobile wallet market which includes a global increase in smartphone users, increasing internet users, favorable government policies and technological advancement. Other key factors include the rising growth of e-commerce market and huge unbanked population across the globe.

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The key players such as Apple, Google, Alipay, M-Paisa are the major market players in the market. The growing e-commerce industries, internet users and smartphone adoption boosted the online transactions, online shopping, online ticket booking and online money transfer across the globe. Cohesive government policies and increasing trends toward cashless transactions contributed to the significant growth of global e-wallet market.
Unbanked population, online shopping and person to person money transfer triggered the growth of the mobile wallet market in emerging economies. Low-middle income economies such as Africa have the most populous unbanked population creating huge scope for mobile wallet companies such as M-Pesa.

The rigidity of banks and stringent government rules and policies enable the global mobile wallet to grow significantly in low-middle income countries such as Africa and Nigeria. Emerging economies such as India, China, and Brazil are expected to contribute significantly to the global mobile wallet market. Numerous start-ups and banks are entering into mobile wallet market which is creating huge opportunity for the market. There is a massive demand for mobile wallet applications such as closed-loop payment which has considerable contribution to the Market.
North America is expected to contribute the highest in the market followed by Europe. North America generates the highest revenues across the globe due to the huge adoption of the mobile wallet application and mode of payment services. Rigid Banking norms enable the mobile wallet market to grow fast in low-middle income countries such as Africa, Nigeria. Emerging economies such as China, India, and Brazil are expected to create a huge opportunity for the global mobile wallet market due to huge customer base and growth of e-commerce industries. The global mobile wallet market report includes a detailed market overview, market determinants, company profiling, sector analysis, market segmentation, geographical analysis, strategic recommendations, key company analysis, key findings, market insights, analyst insights, and predictive analysis of the market.

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Global Mobile Wallet Market

By Application
o Entertainment And Event Pay
o Utilities Payments
o Traveling & Hotel Booking
o Shopping
o Mobile Transfer
o Other Micro Payments
o Coupons

By Mode of Payment
o NFC Payment
o Remote Payment

By Stakeholders
o Wallet Provider
o Mobile Operator
o Banks
o Private Companies
o Point Of Sale (POS)
o Retail
o Travel & Entertainment
o Utilities
o Other
o Payment Processor
o Card Issuer Bank
o Processor & Gateway
o Card Issuer Company
o Point Of Sale Payment Provider

Company Profiles
o ADYEN B.V.
o AIRTEL PAYMENTS BANK LIMITED
o ALIPAY (CHINA) INTERNET TECHNOLOGY COMPANY LIMITED
o ALLIED WALLET, INC.
o AMERICAN EXPRESS COMPANY
o APPLE INC. (APPLE INC.)
o AUTHORIZE.NET.
o BOKU INC.
o CHINA UNIONPAY CO., LTD.
o DWOLLA, INC.
o DUE INC.
o FIRST DATA CORPORATION

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