Increase in Penetration of Smart-Phones Expected to Drive Global Mobile Wallet Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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. 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. For More Information, refer to below link:- Global Mobile Wallet Market Related Report:- Mobile Payment Technology Market by Payment Mode (Proximity Payment and Remote Payment), by Technology (NFC, QR Code, WAP & Card-Based, Digital Wallet, Banking App-based, SMS-based/DCB, and Others [USSD/STK, MST, etc.]), and by Application (BFSI, Retail, Healthcare, Entertainment, IT and Telecom, Energy & Utilities, Hospitality & Tourism, and Others [Education, Government]): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 3 Tags: Africa Mobile Wallet Market, Alipay.com Mobile Wallet Market Revenue, Amazon Web Services Mobile Wallet Market Revenue, American Express Banking Mobile Wallet Market Size, Apple Mobile Wallet Market Shares, Asia Pacific Mobile Wallet Market, AT&T Mobile Wallet Market Sales, Covid-19 Impact Global Mobile Wallet Industry, Covid-19 Impact Global Mobile Wallet Market, Europe Mobile Wallet Market, Global Mobile Wallet Industry, Global Mobile Wallet Industry Research Report, Global Mobile Wallet Market, Global Mobile Wallet Market Analysis, Global Mobile Wallet Market Competition, Global Mobile Wallet Market Forecast, Global Mobile Wallet Market Future Outlook, Global Mobile Wallet Market Growth, Global Mobile Wallet Market Major Players, Global Mobile Wallet Market Research Report, Global Mobile Wallet Market Revenue, Global Mobile Wallet Market Shares, Global Mobile Wallet Market Size, Global Mobile Wallet Market Trends, Global Mobile Wallet NFC Market, Global Mobile Wallet Proximity Market, Global Mobile Wallet Public Transportation Market, Global Mobile Wallet Remote Market, Global Mobile Wallet Restaurants Market, Global Mobile Wallet Retail Market, Global Mobile Wallet SMS Market, Global Mobile Wallet Vending Machine Market, Global Mobile Wallet WAP Market, Google Mobile Wallet Market Shares, Industry Research Report Of Global Mobile Wallet, Latin America Mobile Wallet Market, Market Research Report Of Global Mobile Wallet, Mastercard Incorporated Mobile Wallet Market Revenue, Mercado global de billeteras móviles, Middle East Mobile Wallet Market, Mobile Wallet Industry In Global, Mobile Wallet Market In Global, North America Mobile Wallet Market, PayPal Holdings Mobile Wallet Market Sales, Samsung Electronics Mobile Wallet Market Shares, VISA Mobile Wallet Market Revenue, سوق المحفظة العالمية للهاتف المحمول, 世界のモバイルウォレット市場, 全球手机钱包市场