openPR Logo
Press release

Mobile Wallet Market Share 2020 Global Leaders: First Data Corporation, Sprint, Samsung Electronics, MasterCard Incorporated, Visa, American Express, Blackberry, AT&T INC

07-27-2020 05:25 PM CET | IT, New Media & Software

Press release from: Market Research Future (MRFR)

Mobile Wallet Market Share 2020 Global Leaders: First Data

Market Research Future published a research report on “Mobile Wallet Market Research Report - Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

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 @

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 @

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

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:

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: 531

More Releases from Market Research Future (MRFR)

Content Delivery Network Market 2020| Growth Potentials, Trends, Company Profile …
Industry Insight: The fast uptake and development of a content delivery network are progressively becoming a crucial component of any enterprise. Market Research Future predicts the potentiality of the global Content Delivery Network market 2020. It can achieve a high valuation by the year 2023. Such a high valuation will garner at a growth rate of 26.5% in the forecast years (2018 to 2024). Get Free Sample at: Top Impacting Factors: The market
Next Generation Wireless Communication Market 2020: Analysis by Recent Trends, S …
Market Synopsis: As per the analysis by the Market Research Future Reports (MRFR), the global next-generation wireless communication market is likely to grow at a significant CAGR during the review period. The increasing adoption of consumer electronics is driving the global next-generation wireless communication market 2020. With the constant developments in the internet and other communication technologies, the communication market has enhanced significantly. Next-generation communication is the most excellent example of
Virtual Private Network (VPN) Market 2020: Overview, Growth, Opportunities and D …
Market Overview: The global virtual private network market 2020, according to a report by Market Research Future (MRFR), is slated to register a substantial market valuation at a moderate 18.22% CAGR during the review period (2016-2022). Drivers and Restraints: VPN solutions make business operations more effective. The significant factor that accounts for the growth of the VPN market is the growing adoption of VPN solutions across various vertical industries. It is expected that
Lighting Control System Market 2020| Global Size, Share, Trends, Covid-19 Effect …
Market Overview: In its research report, Market Research Future (MRFR), asserts that the global market 2020 is slated to grow exponentially, securing a substantial market valuation of USD 39 billion by 2023, and a healthy 18% CAGR over the review period. Get Free Sample at: Drivers and Restraints: The factors that contribute to the growth of the market for lighting control systems are the rising demand for energy-efficient products, technological advances, increased

All 5 Releases

More Releases for Mobile

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 apps development comapny
Yapps is a division of Udeels Technologies has a mobile application platform provides cloud based ecommerce, business app solutions, customer/sales centric and web solutions. The company is emerging as a top-notch in ecommerce and Business App solutions space by offering comprehensive and easy to use solutions in developing branding, taking the business to online, promoting and day to day and minute to minute transactions to customers. Mission Our mission is to provide
Travel Mobile Application Developers
we have extensive experience in creating high performance, feature-packed native mobile applications for all the major platforms including iOS, Android..Travayoo Mobile App Development takes its best position and strives to work with the growing outline. Rather than mobile app development, our company also works on B2B , B2C booking engine system. Our mobile application development process integrates design and development to come up with a flexible process that delivers result. INGENIUM
Mobile Application Development Cost
Mobile application development cost depends on app features, functionality, platform and technology used, development time & expertise involved. With budget constraints, choosing the appropriate mobile application development cost is crucial for organizations. It is usually seen that many technology leaders get confused while choosing between native and hybrid app platforms. Understanding exact app requirements helps overcome this challenge. Now you must be wondering which app is more cost-effective- native
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 Charting components for BlackBerry mobile platform
Girona, Catalonia, Spain – January, 2013 - Steema Software, a leading vendor of development components for web, desktop and mobile applications, announced the availability of its TeeChart Charting Library for BlackBerry mobile devices. This is the company’ first release in 2013 and with it, Steema Software extends their offering of mobile charting components to BlackBerry Mobile platform alongside current Windows Phone 7, Android and iPhone/iPad support. The BlackBerry Chart library is