openPR Logo
Press release

Global Mobile Wallet Market, Global Mobile Wallet Industry, Market Revenue, Covid-19 Impact Global Mobile Wallet Industry, Mobile Wallet Retail Market, Mobile Wallet Restaurants Market: Ken Research

02-01-2021 12:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global Mobile Wallet Market, Global Mobile Wallet Industry,

The mobile wallet is a digitized version of physical wallet that operates on the application. It needs to be installed or is an obtainable built-in feature of a smart-phone. It stores the digital information about the credit & debit cards for making payments, store coupons and some specific information. It is a service through which the customers can send or receive money through digital modes.

According to study, “Global Mobile Wallet Market: Market Segments: By Product (Proximity And Remote); By Mode of Payment (SMS, NFC, WAP, Others);By Application (Retail, Vending Machine, Public Transportation And Restaurants); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global mobile wallet market are Ant Financial Services Group, Allied Wallet, Inc., Apple Inc., Amazon.com, Inc., American Express Company, AT&T Inc., Barclays plc, Google LLC, Vodafone Group PLC, ICICI Bank Limited, Due Inc., First Data Corporation, J.P. Morgan Chase & Co., One Mobikwik System Pvt Ltd., One, Communications Limited, Mastercard Incorporated, Mozido, Inc., PayPal Holdings, Inc., Skrill Ltd., Tencent Holdings Limited., Samsung Electronics Co., Ltd., Visa Inc., and Wells Fargo & Company. The key players are collaborating with technology vendors, banks, and payment service providers to develop the necessary infrastructure for enhancing the customer experience. Furthermore, the Value Added Service (VAS) has been acting as an enabling force driving the market demand and cashless payments. The key players have introduced value-added features in their offerings to distinguish the business from the competitors. Some of the features include digital loyalty schemes, real-time fraud screening, mobile vouchers & services, dynamic currency conversion, and a digital charity box.

For More Information, refer to below link:-
https://www.kenresearch.com/technology-and-telecom/it-and-ites/mobile-wallet-market/394212-105.html

Based on product type, mobile wallet market is segmented as remote and proximity. Proximity product type holds major share in global market owing to increase in penetration of NFC enabled mobile phones. Based on mode of payment, market is segmented as Near Field Communication (NFC), Text based/Short message service (SMS), WAP and others. NFC segment is further sub-segmented as NFC chips & tags, NFC handsets, NFC Micro SD, NFC readers, and NFC SIM / UICC card. Based on age group, market is segmented as18-29 years, 30-44 years, 45-59 years, and 60 years and above. In addition, based on application, market is segmented as vending machine, retail, restaurants and public transportation. The retail segment is anticipated to emerge dominant among all the prime application segments such as payment network, financial institutions, customers, and intermediaries. The growth of the retail segment can be attributed to the increasing number of retail stores across the world and the demand for suitable transactions.

The mobile wallet market is driven by rise of various e-commerce platforms, followed by increase in penetration of smart-phones, attractive discounts and cash back offer by mobile wallet providers, increase in number of strategic partnerships among competitors, supportive government initiatives and change in customers’ preferences towards digital payments. However, lack of clear regulatory framework and data security issues may impact the market. Moreover, widespread smart-phone adoption and growth in implementation of multi-channel strategies by merchants owing to increase in competition from Internet vendors are key opportunities for market.

Based on geography, the Asian-Pacific region holds major share in global mobile wallet market owing to growth in adoption of mobile technology in emerging markets in the region. The North-American and European regions are estimated to witness higher growth rate due to well-established NFC market coupled with high adaptability of the consumers for the new technology over the forecast period.

Related Report:-
https://www.kenresearch.com/technology-and-telecom/it-and-ites/mobile-payment-technology/318201-105.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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 Global Mobile Wallet Market, Global Mobile Wallet Industry, Market Revenue, Covid-19 Impact Global Mobile Wallet Industry, Mobile Wallet Retail Market, Mobile Wallet Restaurants Market: Ken Research here

News-ID: 2233955 • Views:

More Releases from Ken Research Pvt Ltd

Increase in cybercrime results in India Digital Forensic Market to rise, with an expected CAGR of ~16% by 2028
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth. STORY OUTLINE Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics. Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security. With the incorporation of Cloud Based services, advanced methods and easy
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken Research
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19. STORY OUTLINE Launch of new policies, mergers, acquisitions and partnerships to propel growth in future Covid 19 has a huge impact on the health insurance market on Global level. Factors, which are responsible for the growth, are the higher
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19. STORY OUTLINE The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change. Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation
Unveiling the Thriving Landscape of UAE's IT Service Market
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services. STORY OUTLINE Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution. Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation. Security

All 5 Releases


More Releases for NFC

Kurmah NFC Business Cards: The Future of Networking
Ahmedabad, India, (4th April 2025) - Kurmah, inspired by the Kurma Avatar of Lord Vishnu, is revolutionizing networking with NFC Business Cards. These modern solutions redefine how professionals and businesses connect, offering an eco-friendly, instantly updatable, and technologically advanced alternative to traditional paper cards. Kurmah's NFC (Near Field Communication) Business Cards allow users to share contact details, websites, social media profiles, and more with just a tap. Digital Business Cards work
Global Secure NFC Market Size by Application, Type, and Geography: Forecast to S …
USA, New Jersey- According to Market Research Intellect, the global Secure NFC market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. Growing use of contactless payment solutions, smart access control systems, and safe digital transactions is driving notable increase in the secure Near Field Communication (NFC)
Nfc Market Current Status and Future Prospects till 2031
NFC Market Definition, With Current Market Values The Near Field Communication (NFC) market refers to the technology that enables short-range communication between devices. It allows data exchange between smartphones, wearables, and other compatible devices by bringing them close to each other. As of recent market assessments, the global NFC market is valued at approximately USD 30 billion in 2024, with projections to grow at a compound annual growth rate (CAGR) of
NFC POS Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global NFC POS Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion. NFC POS Market Size And Scope The NFC (Near Field Communication) POS (Point of Sale) market has experienced significant growth in recent years, driven by the
Automotive NFC Market to See Huge Growth by 2030
Advance Market Analytics published a new research publication on "Automotive NFC Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive NFC market was mainly driven by the increasing R&D spending across the world. Get inside Scoop of the report, request
Advantages of NFC cards in small business networking
Image: https://www.getnews.info/wp-content/uploads/2024/11/1731595160.jpeg In today's competitive environment, networking is essential for small business owners looking to expand their reach and establish lasting relationships. Traditional business cards, while useful in the past, have limitations compared to digital solutions. Knowee [https://web.know.ee/en/home/], a leader in digital and NFC business card solutions, is transforming the way contact information is shared, enabling a professional and efficient data exchange experience. Additionally, it offers the opportunity to create a 100%