Profile image
By Credence Research
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Global Mobile Wallet Market Size, Share, Growth, Outlook, Analysis and Forecast 2016 to 2023: Credence Research

Tuesday, March 14, 2017 2:14
% of readers think this story is Fact. Add your two cents.

(Before It's News)

According to a new market report published by Credence Research Inc., “Mobile Wallet Market (By Application (Mobile Commerce, Money Transfer, Mobile Recharge, Utilities and Bill Payments, and Other Applications), By End-use Application (Retail, Transportation, Restaurants, Utilities, Telecom, and Others)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global mobile wallet market is expected to witness a double digit CAGR during the forecast period 2016 to 2023.

Browse the full Mobile Wallet Market (By Application (Mobile Commerce, Money Transfer, Mobile Recharge, Utilities and Bill Payments, and Other Applications), By End-use Application (Retail, Transportation, Restaurants, Utilities, Telecom, and Others)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/mobile-wallet-market

Market Insights

The mobile wallet technology is touted to be the next generation technology in the era of cashless transactions, replacing traditional plastic cards. Mobile wallets are capable of storing the information and details of credit/debit card, enabling customers to pay at NFC-based POS terminals using their mobile phones.  The advancements in technology and continuous efforts by the global payments industry to improve security have ensured growing popularity of mobile wallets. In addition, ease of use and less time required for making payments has ensured increased penetration of the technology. In a bid to achieve greater transparency in the financial eco system, the governments across the globe are promoting cashless transactions, which, in turn is having positive impact on the overall market demand.
 Competitive Insights:

The important participants across the entire mobile wallet ecosystem include technology developers, Mobile Network Operators (MNO), equipment manufacturers, value-added service providers, merchants/retailers, financial/bank institutions, and other consumers. The global mobile wallet market is highly technology driven. Thus, the competitive rivalry among market players is high and expected to remain same throughout the forecast period 2016 – 2023. Some of the leading players identified in the global mobile wallet market include Apple, Inc. (the U.S.) Google, Inc. (the U.S.), PayPal Holdings Inc. (the U.S.), Visa Inc. (the U.S.). Other players including BlackBerry Ltd., MasterCard Inc., First Data Corporation, , The American Express Company, AT&T, Inc., Citrus Payment Solutions, ZipCash, and ZipPay are identified as the promising and emerging players in the global mobile wallet market.

Request Free Sample : http://www.credenceresearch.com/sample-request/58075

Key Trends:

  • Government support for cashless transactions

  • Mobility revolution

  • Introduction of NFC-enabled POS terminals to favor market demand

  • Highest penetration in the retail sector

  • Focus on improving customer experience and customer retention is driving adoption in the retail and hospitality industry

  • Security issues and lack of infrastructure: Top two challenges to the market growth

Latest Report:

About Us:

Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

Contact:

Name: Chris Smith (Global Sales Manager)

Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States

Ph: 1-800-361-8290

E-mail: sales@credenceresearch.com

Website: http://www.credenceresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.