Argentina Mobile Wallet Market Size and Share 2022-2027

The IMARC Group provides extensive analysis of the Argentina mobile wallet industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on Argentina mobile wallet market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

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The Argentina mobile wallet market is expected to exhibit a CAGR of 16.5% during 2022-2027. A mobile wallet is a payment service accessible through an application installed on a mobile device like a smartphone or tablet. It stores details about coupons, credit cards, debit cards, and loyalty cards of the user. As these details are encrypted and linked to a personal identification format, such as a key or scannable QR code, the mobile wallet reduces the risk of fraudulent activities. Consequently, mobile wallets are gaining traction in Argentina to make in-store payments without carrying cash or credit cards.

Argentina Mobile Wallet Market Trends:

The growing usage of smartphones, in confluence with the increasing cases of credit card fraud and cybercrimes, represents one of the key factors influencing the demand for mobile wallets in Argentina. Moreover, mobile wallets save user payment credentials and make them available at the Point of Sale (POS), thereby enhancing the overall user experience. Furthermore, as most of the mobile wallet applications have messaging features, several businesses are utilizing mobile wallets as a marketing channel to increase user interaction. This is anticipated to drive the market in the country. Looking forward, IMARC Group expects the Argentina mobile wallet market to continue its robust growth during the forecast period (2022-2027).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

EBANX
Ohana
Mercado Pago (MercadoLibre SRL)
PayPal Argentina S.R.L. (PayPal Holdings, Inc.)
TodoPago

Market Segmentation:

Breakup by Type:

Open
Semi-Closed
Closed

Breakup by Ownership:

Banks
Telecom Companies
Device Manufacturers
Tech Companies

Breakup by Technology:

Near Field Communication
Optical/QR Code
Digital Only
Text-Based

Breakup by Vertical:

Retail
Transportation
Media and Entertainment
Energy & Utilities
Telecommunication
Others

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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