Mobile Wallet Market Global Outlook by Key Companies Like Amazon.com, American Express Company, Ant Financial Services, Apple, AT&T, Barclays, Due Inc., First Data Corporation, Google, J.P. Morgan Chase & Co., Mastercard, One97 Communications, PayPal, Ten

The worldwide mobile wallet market has positioned itself to be an extremely lucrative consumer-driven vertical, propelled by the attractive discount & cashback offers facilitated by service providers. Indeed, mobile wallet providers across the world have been impressively successful in attracting and retaining customers, growing their respective user-base at an exponential rate in the process, by simply offering their consumers frequent & appealing cashback offers and discounts.

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The entire cycle of discounts and cashbacks has proven to be extremely beneficial for both customers, who can obtain a plethora of products & services at a reduced rate, and mobile wallet service providers, who are able to be the recipients of profitable business from their patrons.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Amazon.com
2. American Express Company
3. Ant Financial Services Group
4. Apple Inc.
5. AT&T Inc.
6. Barclays plc
7. Due Inc.
8. First Data Corporation
9. Google LLC
10. ICICI Bank Limited
11. J.P. Morgan Chase & Co.
12. Mastercard Incorporated
13. One Mobikwik System Pvt Ltd.
14. One97 Communications Limited
15. PayPal Holdings, Inc.
16. Samsung Electronics
17. Tencent Holdings Limited.
18. Visa Inc.
19. Vodafone Group
20. Wells Fargo & Company

As smartphone adoption continues to rise, the trend is significantly compelling top companies to pursue "mobile-first" strategies - prioritizing mobile responsive websites, applications, as well as online payment options. Pertaining to the same, it comes as no surprise that companies in mobile wallet market have forged a slew of strategic partnerships, M&As, and product differentiation tactics to tap the vast market potential.

Another important trend that has immensely influenced the global mobile wallet market share is the rise of e-commerce platforms. Online retailers are increasingly focusing on deploying strategies that will drive mobile commerce experience that is as seamless and satisfying as possible. Offering payment options which are much more than cash, check, or credit cards, the emergence of mobile commerce is rendering a solid impact on proliferating mobile wallets that offer cardless, cashless, contactless payment options via smartphone & tablets. Industry analysts claim that with the online consumers estimated to exceed 2.5 billion by 2020, the competitive scenario of mobile wallet market is set to be rather intense with core industry players trying to retain their stance.

The mobile banking sector in Europe has been evolving at a commendable pace over the previous five years. This trend could be attributed to the increasing prominence of a plethora of international as well as domestic entities competing with each other through their mobile wallet services in an attempt to capture a profitable chunk of the global industry. Moreover, the collaborative efforts of the region's technology-oriented enterprises and the banking establishments have also been acknowledged as a factor that is responsible for expediting the Europe mobile wallet market.

Meanwhile, the European Commission has been working diligently to develop an integrated & efficient payment services market across the European Union. The EU has adopted a new payment services directive in January 2018 to make internet payment services safer & easier to use and also to promote innovative internet & mobile payment services that would prove extremely beneficial for the Europe mobile wallet industry. Owing to these conducive factors, the Europe mobile wallet market share is slated to grow at an impressive CAGR of more than 17% over 2019-2025.

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Clearly, mobile payment options have emerged as the next big thing in providing seamless transaction, and are probably set to knock out even debit and credit cards in the ensuing years. With contactless & cardless payment becoming more and more common place, the commercialization matrix of the global mobile wallet industry is poised to carve a lucrative growth graph. A presumption validating the same is of mobile wallet market to generate more than USD 270 billion by 2025.

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