Press release
Mobile Wallet Market Share 2020 Global Leaders: First Data Corporation, Sprint, Samsung Electronics, MasterCard Incorporated, Visa, American Express, Blackberry, AT&T INC
Market Synopsis:
Mobile wallet payments have gained much popularity in recent years. It is a system where the card (both debit and credit) can be stored in the payment gateways of applications. It eliminates the task of physically carrying and entering the details of the card for every transaction. This report by Market Research Future (MRFR) unravels that the global Mobile Wallet Market is anticipated to register an exponential CAGR of 40% during the review period 2016 to 2022. The report asserts that the market is poised to reach USD 5 Bn mark towards the end of 2022.
Increasing penetration of smartphones is one of the primary driving factors of the mobile wallet market. Factors such as increasing use of internet services, declining process of data services, availability of high-speed internet, etc. are expected to drive the expansion of the mobile wallet market in the coming years. The developments in the network technology with the evolution of 4G services has further facilitated the development of the market in the recent years. In addition, 5G services are expected to be commercialized globally by the end of 2020. It is again expected to boost the future trajectory of the mobile wallet market over the assessment period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2059
The governments are promoting cashless transactions. It is anticipated to drive the expansion of the mobile wallet market in the foreseeable future. In 2016, the government of India had demonetized its currencies, which has led to rapid growth of cashless transactions. Similarly, countries such as Canada and Sweden are promoting the shift to cashless transactions. These measures are poised to drive the growth of the market in the upcoming years.
Industry News:
In October 2019, Paysafe Group (Paysafe), a global payments provider, has announced the launch of its Mobile Pay in the U.S. market.
In September 2019, Chinese smartphone maker OnePlus has ventured into the digital payments landscape with the launch of its OnePlus Pay Mobile Wallet Service.
Key Players
The major players operating in the market of mobile wallet are- American Express (U.S.), Apple Inc. (U.S.), AT&T INC.(U.S.), Blackberry Ltd. (Canada), First Data Corporation (U.S.), Google Inc. (U.S.), Sprint Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), MasterCard Incorporated (U.S.), and Visa Inc (U.S.) among others.
Segmental Analysis:
The global mobile wallet market has been divided on the basis of mode of payment into remote payment and NFC, among others.
By application, the segmentation of the mobile wallet market covers - mobile transfer, e-commerce, mobile coupon, ticketing, micropayment, among others.
Regional Analysis:
The regional assessment of the global mobile wallet market spans across four regions - North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW). Asia Pacific exhibits rapid growth and is currently dictating the growth of the mobile wallet market. The support extended by the governments to promote digitization of payments is anticipated to lead the expansion of the market in the coming years. North America is also anticipated to witness rapid growth. Canada is poised to have a favorable share of the regional mobile wallet market. The region is also poised to benefit from the technological advancements and availability of high-speed internet services.
Get Complete Report @ https://www.marketresearchfuture.com/reports/mobile-wallet-market-2059
Intended Audience:
• Software developers
• Mobile app Developers
• Banking Service Providers
• Software Developers
• Software Distributors
• Government
• Mobile based financial service providers and distributors
• Research Institutes & Universities
Kodre Nagar, Shewalwadi
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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.
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 Share 2020 Global Leaders: First Data Corporation, Sprint, Samsung Electronics, MasterCard Incorporated, Visa, American Express, Blackberry, AT&T INC here
News-ID: 2097441 • Views: …
More Releases from Market Research Future (MRFR)
Advanced Metering Infrastructure (AMI) Market to Grow at 8.50% CAGR by 2035 Enab …
Advanced Metering Infrastructure (AMI) has emerged as a cornerstone of modern utility management, transforming how electricity, gas, and water consumption is measured, monitored, and managed. AMI integrates smart meters, communication networks, and data management systems to enable two-way communication between utilities and end users.
This shift from traditional metering to digital, intelligent systems is driven by the global push for energy efficiency, grid modernization, and improved customer engagement. Utilities worldwide…
GLP-1 Drug Market Size is projected to grow from 12.19 USD Billion in 2025 to 42 …
The GLP-1 Drug Market: A Comprehensive Outlook on Growth, Trends, Players, and Regional Dynamics
The global market for GLP-1 (glucagon-like peptide-1) drugs has emerged as one of the most dynamic and rapidly expanding segments in the pharmaceutical industry, driven by escalating rates of type 2 diabetes, obesity, and associated cardiometabolic disorders. Originally developed to improve glycemic control in patients with diabetes, GLP-1 receptor agonists have demonstrated significant benefits beyond glucose management,…
Gear Pump Market to Reach USD 6.492 Billion by 2035 | CAGR 2.92%
The gear pump market plays a crucial role in modern industrial and commercial operations, driven by its ability to handle high-viscosity fluids with consistent flow and high reliability. Gear pumps are widely used across industries such as oil & gas, chemical processing, automotive, power generation, food & beverages, and construction equipment. Their compact design, durability, and efficiency make them an essential component in hydraulic systems, lubrication systems, and fluid transfer…
Compact Inverter Technology Market to Hit USD 33.4 Billion by 2035 | CAGR 8.34%
The Compact Inverter Technology Market is gaining significant momentum as industries and consumers increasingly prioritize energy efficiency, space optimization, and reliable power conversion solutions. Compact inverters, known for their small form factor, lightweight design, and high efficiency, are becoming essential across sectors such as renewable energy, industrial automation, consumer electronics, electric vehicles, and power backup systems.
With rapid urbanization, growing renewable energy installations, and rising demand for uninterrupted power supply,…
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…
